EVN AG Implements 1.5°C Transition Plan for Renewable Energy

EVN AG is taking decisive steps towards a renewable energy future, aligning its business model with climate goals to limit global warming to 1.5°C. The company has finalized a comprehensive transition plan, targeting significant reductions in greenhouse gas emissions. This plan, aligned with the Paris Climate Agreement, has been validated by the Science Based Targets Initiative (SBTi).

The plan aims for a 70% reduction in emissions by the 2030/31 financial year, referencing 2021/22 levels. This involves expanding renewable generation capacities, especially wind and photovoltaic power, and enhancing district heating infrastructure. Goals include 770 MW of wind and 300 MWp of photovoltaic expansions by 2030. Strategies also involve revitalizing hydropower plants and increasing battery storage for flexibility.

Concrete measures are integrated into EVN's corporate and financial planning, with 89% of 2023/24 investments classified as taxonomy-aligned, ensuring ecological sustainability.