X
  • Renewable Power
  • Nuclear Power
  • Thermal Power
Power Gen Advancement
  • Home
  • News
    689 MW of Offshore Wind Projects

    689 MW of Offshore Wind Projects Awarded in South Korea

    Global Solar Installations

    Global Solar Installations Grew 64% More in 2025 First Half

    CHSN01 is a breakthrough

    The New Metal from China – The CHSN01 is a Breakthrough

    US Companies Advance Renewables

    US Companies Advance Renewables Inspite of Policy Setbacks

    Fusion Energy Projects in the UK

    Fusion Energy Projects in the UK Get Government Support

    26 MW offshore wind turbine

    China Installs Most Powerful 26 MW Offshore Wind Turbine

    Cross Border Renewable Energy Projects

    5 New Cross-Border Renewable Energy Projects Approved by EC

    UK Solar Capacity

    UK Solar Capacity Sets New Generation Record with Rollouts

    NextGen Triboelectric Nanogenerators TENGs

    China Develops Next-Gen Triboelectric Nanogenerators – TENGs

  • Market Moves
    EIA Data Reveal Renewables

    EIA Data Reveal Renewables Provided Almost a Third of U.S. Electrical Generation and Nearly Matched Natural Gas in March as Solar Outproduced Hydropower and Solar+Wind Were Greater than Either Coal or Nuclear

    Thermal Energy Storage Market

    Thermal Energy Storage Market Growth Driven by Clean Energy

    Offshore Wind Turbine Market

    Offshore Wind Turbine Market to Hit $39.2 Billion by 2031

    Gen AI Drone

    Gen AI & Drone Assets Transforming Energy & Utilities Sector

    Electricity Grid in UK

    How Electricity Grid in the UK is Witnessing Transformation

    UK Battery Storage

    The Evolving UK Battery Energy Storage Systems Market

    Hydrogen Fueling Station Market to Reach $2.88B by 2030

    Hydrogen Industry to Grow 10.4% CAGR, Hit $47.83B by 2034

    Hydrogen Fuel Cells Market to Reach $5.9 Billion by 2031

  • Press Statements
    Asian Agri PLN Signs Agreement

    Asian Agri, PLN Signs Agreement to Supply Renewable Energy in North Sumatra

    Delivery of Natural Gas Turbines

    Georgia Power Receives Delivery of Natural Gas Turbines

    Banpu Supercharges Clean Energy Portfolio

    Banpu Supercharges Clean Energy Portfolio with 350 MW Battery Project in Australia to Advance Decarbonization Goal

    EIA Data Reveal Renewables

    EIA Data Reveal Renewables Provided Almost a Third of U.S. Electrical Generation and Nearly Matched Natural Gas in March as Solar Outproduced Hydropower and Solar+Wind Were Greater than Either Coal or Nuclear

    Energy Evolution Conference 2026

    Energy Evolution Conference 2026: Shaping the Future of Renewable Energy in Dubai

    Eaton-announces-breakthrough

    Eaton announces breakthrough, AI-powered innovation to help utilities strengthen wildfire prevention efforts

    First-Digital-Twin

    ETAP and Schneider Electric Unveil Worlds First Digital Twin to Simulate AI Factory Power Requirements from Grid to Chip Level Using NVIDIA Omniverse

    E-world 2025 has started with record participation

    Houston to host key hydrogen summit as industry faces new political landscape

  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us
No Result
View All Result
  • Home
  • News
    689 MW of Offshore Wind Projects

    689 MW of Offshore Wind Projects Awarded in South Korea

    Global Solar Installations

    Global Solar Installations Grew 64% More in 2025 First Half

    CHSN01 is a breakthrough

    The New Metal from China – The CHSN01 is a Breakthrough

    US Companies Advance Renewables

    US Companies Advance Renewables Inspite of Policy Setbacks

    Fusion Energy Projects in the UK

    Fusion Energy Projects in the UK Get Government Support

    26 MW offshore wind turbine

    China Installs Most Powerful 26 MW Offshore Wind Turbine

    Cross Border Renewable Energy Projects

    5 New Cross-Border Renewable Energy Projects Approved by EC

    UK Solar Capacity

    UK Solar Capacity Sets New Generation Record with Rollouts

    NextGen Triboelectric Nanogenerators TENGs

    China Develops Next-Gen Triboelectric Nanogenerators – TENGs

  • Market Moves
    EIA Data Reveal Renewables

    EIA Data Reveal Renewables Provided Almost a Third of U.S. Electrical Generation and Nearly Matched Natural Gas in March as Solar Outproduced Hydropower and Solar+Wind Were Greater than Either Coal or Nuclear

    Thermal Energy Storage Market

    Thermal Energy Storage Market Growth Driven by Clean Energy

    Offshore Wind Turbine Market

    Offshore Wind Turbine Market to Hit $39.2 Billion by 2031

    Gen AI Drone

    Gen AI & Drone Assets Transforming Energy & Utilities Sector

    Electricity Grid in UK

    How Electricity Grid in the UK is Witnessing Transformation

    UK Battery Storage

    The Evolving UK Battery Energy Storage Systems Market

    Hydrogen Fueling Station Market to Reach $2.88B by 2030

    Hydrogen Industry to Grow 10.4% CAGR, Hit $47.83B by 2034

    Hydrogen Fuel Cells Market to Reach $5.9 Billion by 2031

  • Press Statements
    Asian Agri PLN Signs Agreement

    Asian Agri, PLN Signs Agreement to Supply Renewable Energy in North Sumatra

    Delivery of Natural Gas Turbines

    Georgia Power Receives Delivery of Natural Gas Turbines

    Banpu Supercharges Clean Energy Portfolio

    Banpu Supercharges Clean Energy Portfolio with 350 MW Battery Project in Australia to Advance Decarbonization Goal

    EIA Data Reveal Renewables

    EIA Data Reveal Renewables Provided Almost a Third of U.S. Electrical Generation and Nearly Matched Natural Gas in March as Solar Outproduced Hydropower and Solar+Wind Were Greater than Either Coal or Nuclear

    Energy Evolution Conference 2026

    Energy Evolution Conference 2026: Shaping the Future of Renewable Energy in Dubai

    Eaton-announces-breakthrough

    Eaton announces breakthrough, AI-powered innovation to help utilities strengthen wildfire prevention efforts

    First-Digital-Twin

    ETAP and Schneider Electric Unveil Worlds First Digital Twin to Simulate AI Factory Power Requirements from Grid to Chip Level Using NVIDIA Omniverse

    E-world 2025 has started with record participation

    Houston to host key hydrogen summit as industry faces new political landscape

  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us
No Result
View All Result
Power Gen Advancement
No Result
View All Result
Home News

EIB grants €36.7m loan to OBf

in News, Renewable Power, Wind Energy

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

European Investment Bank (EIB) has granted a loan of €36.7m to Austria-based corporation Österreichische Bundesforste (ÖBf AG) for building a wind farm in Styria.

This is first direct loan from EIB towards wind power generation in Austria.

The loan will help in building a 42MW wind farm, which comprises 14 wind turbines with power output of 3 MW each and a 7 km line which connects them to an already established power substation.

Deployment of turbines is slated to be completed in October 2016.

The delivery of the wind farm is expected in February 2017 following the completion of commissioning tests.

The wind farm will be located on top of a mountain ridge near “Pretulalpe” at an altitude of about 1600m above sea level.

With the completion, the wind farm is expected to generate 84 GWh of power per year, helping meet Austrian government’s target of building 2000 MW of additional wind capacity between 2010 and 2020.

The project intends to enhance the utilisation of renewable energy sources. EIB will finance up to 75% of the total cost of the project, which would cost about €49m.

Österreichische Bundesforste (OBf) has established a special purpose vehicle, called Windpark Pretul for the borrowing purpose.

It will be the project promoter.

OBf manages Austria’s natural resources and owns around one-tenth of the country’s entire territory.

EIB recently offered €16m to help fund its first wind power project in Sweden under the European Fund for Strategic Investments (EFSI).

The bank became the co-investor in building 20MW Langmarken onshore wind farm situated in Varmland county with Mirova and Eolus.

Previous Post

Young sun-like star shows a magnetic field was critical for life on the early Earth

Next Post

US electricity could be powered mostly by the sun and wind by 2030: Rapid, affordable energy transformation possible - The new model is drawing interest from other experts in the field

Related Posts

689 MW of Offshore Wind Projects
Asia Pacific

689 MW of Offshore Wind Projects Awarded in South Korea

September 9, 2025
Global Solar Installations
News

Global Solar Installations Grew 64% More in 2025 First Half

September 9, 2025
CHSN01 is a breakthrough
News

The New Metal from China – The CHSN01 is a Breakthrough

September 8, 2025
US Companies Advance Renewables
America

US Companies Advance Renewables Inspite of Policy Setbacks

September 8, 2025
Renewables in the US
Renewable Power

Renewables in the US Hold Major New Electricity Share

September 8, 2025
Fusion Energy Projects in the UK
News

Fusion Energy Projects in the UK Get Government Support

September 4, 2025
Next Post

US electricity could be powered mostly by the sun and wind by 2030: Rapid, affordable energy transformation possible - The new model is drawing interest from other experts in the field

LatestNews

689 MW of Offshore Wind Projects
Asia Pacific

689 MW of Offshore Wind Projects Awarded in South Korea

September 9, 2025
Global Solar Installations
News

Global Solar Installations Grew 64% More in 2025 First Half

September 9, 2025
CHSN01 is a breakthrough
News

The New Metal from China – The CHSN01 is a Breakthrough

September 8, 2025
US Companies Advance Renewables
America

US Companies Advance Renewables Inspite of Policy Setbacks

September 8, 2025
Fusion Energy Projects in the UK
News

Fusion Energy Projects in the UK Get Government Support

September 4, 2025
26 MW offshore wind turbine
News

China Installs Most Powerful 26 MW Offshore Wind Turbine

September 4, 2025
Power Gen Advancement

About Us

Power Generation Advancement is a leading information centric website providing latest up to date information and happenings within the industry. The website is sub divided into 3 sectors updating the latest news and developments about Power Generation industry through Renewable Energy, Nuclear Energy, Thermal Energy sources. Power Generation Advancement runs with an objective to provide a one stop knowledge driven content to our reader and subscribers in various forms like news, projects, upcoming events.

Subscribe Us

Resources

  • Advertise with us
  • Our Services
  • Contact Us
  • Download Mediapack
  • Newsletter Archive

System

  • Search
  • Sitemap
  • RSS Feed

© 2017 Copyright © Valuemediaservices 2017 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Market Moves
  • Press Statements
  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us

© 2017 Copyright © Valuemediaservices 2017 All rights reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In