VerbundCompany Review & Valuation
About Verbund AG
VERBUND AG generates, trades, and sells electricity to energy exchanges, traders, energy supply and industrial companies, and households and commercial customers in Austria and internationally. It operates through Energy, Grid, and Equity Interests & Services segments. As of December 31, 2015, it op⌠Show more erated hydropower plants with a capacity of 7,757 megawatts (MW); and 2 thermal power plants with an electrical capacity of 1,094 MW. The company also operates wind farms with a capacity of 418 MW, as well as 2 photovoltaic farms in Spain with capacity of 3 MW; and a transmission grid in Austria. In addition, it trades in and sells natural gas to market participants from energy exchanges, traders, and household customers, as well as provides energy-related services. The company was formerly known as Ăsterreichische Elektrizitätswirtschafts- Aktiengesellschaft and changed its name to VERBUND AG in 2010. VERBUND AG was founded in 1947 and is headquartered in Vienna, Austria. Show less