The Mayor.eu
Summary
Yesterday, Vienna’s city-owned energy company, Wien Energie, published its annual balance report for 2021, which showed a decline in earnings, despite the company’s growth in users. According to a statement by Michael Strebl, Chairman of the Wien Energie Management Board, this is because of the recent natural gas shortage or what he called a ‘difficult economic situation’.
At the same time, with the publication, he also showcased Wien Energie’s investment plan for the next five years, which calls for one billion euros for a natural gas phase-out. The funds will go towards renewable projects with an increased focus on hydrogen and especially geothermal energy.
Authorities in the Austrian capital have stated that their goal is to reach climate neutrality by 2040 and this goal includes locally-generated energy and heat. According to a statement by the city, 18 years from now, 56% of the buildings should be heated by district heating. At the same time, representatives of Wien Energie have added that according to the expansion plan, 100% of the district heating has to be climate neutral itself.
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