POST Online Media Lite Edition


EIB and UniCredit Bank Austria finance development of one of Austria's largest wind farms

Christian Fernsby |
Austria is aiming to produce its entire electricity supply using renewable energies by 2030.

Article continues below


To achieve this goal, major steps have already been taken in the form of wind farm repowering.

An example of these repowering projects can be found in the municipalities of Gols and Mönchhof in Burgenland.

Construction was launched in autumn 2019 and is expected to reach completion at the end of 2021.

The entire wind farm will have capacity of 143 MW and provide around 90 000 households with electricity produced from renewable sources.

The project is one of the largest wind farms in Austria.

The facility will be run by PÜSPÖK Group.

This family business based in Burgenland has been developing and operating wind farms in Austria since the late 1990s, currently supplying 160 000 households in the country with electricity.

The volume of equity and borrowed capital for the planned investment in the wind farm totals €143 million.

What to read next

EIB approves EUR 8.1 billion for energy, transport, agriculture
EIB: EUR 1.5 billion for businesses in Europe and North Africa
EIB agrees EUR 8 billion investment in education, energy, telecom and local businesses