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You are here: Home / cat / Austria Expands Renewable Energy with €57 Million EIB Financing

Austria Expands Renewable Energy with €57 Million EIB Financing

Dated: June 2, 2026

Vienna — June 1, 2026 — Austria is set to strengthen its renewable energy supply with €57 million in financing from the European Investment Bank (EIB) for a super‑hybrid energy park in Nickelsdorf, Burgenland. The project, led by Austrian renewable‑energy company PÜSPÖK, integrates wind power, photovoltaics, and battery storage through shared infrastructure across four sites in Burgenland.

The Nickelsdorf site is Europe’s second‑largest super‑hybrid park, combining generation and storage to improve grid stability and energy independence. The financing arrangement includes a 10% portion made available to Erste Bank as a national partner, bringing total EIB support for Burgenland projects to about €200 million.

EIB Vice‑President Karl Nehammer emphasized that hybrid systems are crucial for Europe’s competitiveness, energy security, and climate goals. Agri‑photovoltaics, a key component of the project, allows dual land use by installing solar panels above farmland, safeguarding yields while generating clean electricity.

With more than 300,000 households already supplied by wind and solar in Burgenland, the addition of battery storage this month will enhance flexibility and reliability. PÜSPÖK CEO Lukas Püspök described the initiative as a “power plant of the future,” noting that further hybrid sites in Gattendorf, Mönchhof, and St. Andrä are under development.

The Austrian government has highlighted the project as a model for integrating renewable energy into the grid. Energy State Secretary Elisabeth Zehetner said the initiative demonstrates how innovation, competitiveness, and climate neutrality can work hand in hand, supported by legislation such as the Renewable Energy Expansion Act.

 

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