- Business
- EVN AG EVN AG is a leading international energy and environmental services provider headquartered in Maria Enzersdorf, Lower Austria, and founded in 1922 as a fully integrated utility serving over three million customers across Austria, Bulgaria, North Macedonia, Croatia, Germany, and Albania. The company generates electricity from thermal power plants, renewable sources including hydroelectric, wind, solar, and biomass facilities; operates regional electricity and natural gas distribution networks; supplies electricity, natural gas, district heat, and primary energy sources to retail and wholesale customers; provides environmental services encompassing drinking water supply, wastewater treatment and disposal, thermal waste utilization, and resource conservation; and offers supplementary services such as cable TV, telecommunications networks, broadband internet, e-mobility charging infrastructure, and energy consulting for private, business, and municipal clients. EVN AG functions as a subsidiary of NÖ Landes-Beteiligungsholding GmbH and pursues a diversified business model across six segments: Generation, Energy Trade and Supply, Network Infrastructure Austria, Energy Supply South East Europe, Environmental Services, and Strategic Investments and Other Business.
Pursuant to its Strategy 2030, EVN AG advances a substantial annual investment program of EUR 700 million to EUR 900 million through 2030, with three-quarters allocated to Lower Austria for network infrastructure expansion to support renewable energy integration, e-mobility, and heating sector transformation; renewable generation capacity growth targeting 500 MW in wind power and 100 MWp in photovoltaics to reach approximately 3.8 TWh annual renewable electricity production; digital customer offerings; and reliable drinking water supplies including new natural filter plants such as the one under construction in Reisenberg. The company recently completed the sale of its international project business in WTE Wassertechnik GmbH to STRABAG SE in June 2025 for a fixed purchase price of EUR 100 million plus assumption of shareholder loans, retaining financing and risk exposure for specific Middle East projects while transferring European and other operations to streamline its portfolio toward core sustainable energy and environmental activities in established markets. EVN AG maintains a solid balance sheet to fund these initiatives, reports elevated capital expenditures of EUR 535 million in recent periods aligning with outlook adjustments for higher electricity and gas distribution tariffs, and confirms its financial year 2024/25 guidance amid favorable renewable system transformation prospects.