Austria to expand renewable energy supply with EIB financing of €57 million for super-hybrid park in Burgenland
Austria, June 8 -- The European Investment Bank (EIB) is providing financing of €57 million for Austrian energy company PÜSPÖK to expand hybrid renewable-energy infrastructure in Austria. The EIB support will help PÜSPÖK develop one of Europe's largest integrated hybrid energy sites in Nickelsdorf, a town in the eastern Austrian state of Burgenland.The project combines wind power, photovoltaics and battery storage through shared infrastructure at four sites in Burgenland including Nickelsdorf, strengthening the integration of renewable energy into the Austrian electricity system. The Nickelsdorf site is the second-largest super-hybrid park of its kind in Europe.The EIB financing is being provided primarily through a direct loan to PÜS...
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