StockBeat: Climate Protests Highlight Winds of Change in Markets
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VERBUND AG, together with its subsidiaries, generates, trades, and sells electricity to energy exchanges, traders, electric utilities and industrial companies, and households and commercial customers. It operates through Hydro, New Renewables, Sales, Grid, and All Other segments. The company operates hydropower plants with a capacity of 8,417 megawatts (MW); wind farms with a capacity of 468 MW; solar power with a capacity of 443 MW; and 1 thermal power plant. It also operates electricity transmission network in Austria, as well as trades and sells gas. The company engages in transmission and gas distribution network activities. VERBUND AG was founded in 1947 and is headquartered in Vienna, Austria.