Project development in the field of renewable energy and energy efficiency
REENAG is a competence center for the development, financing, construction and operation of renewable energy power plants, as well as for the development and financing of energy efficiency measures. REENAG builds on the long term experience and expertise of its employees and partners. There are no geographical restrictions to the activities of REENAG.
REENAG develops, implements and operates its own renewable energy power plants, and also offers its expertise to third parties via consulting services.
Many successfully implemented projects are testament to our expertise. To date, REENAG and its partners have built up a portfolio of renewable energy projects with an installed capacity of almost 160 MW and a financing volume of approximately 260 million euros. This portfolio includes hydropower plants, wind parks, biomass plants and photovoltaic plants in Austria, Romania, Slovenia and Bolivia. Further projects are currently being developed in Austria, Peru and Sweden.
Background
Purpose of the Paris Agreement is to limit the global warming temperature rise to below 2°C. This mandatory stipulation has to be implemented by every signatory state. Each European Union member state has to present a national plan of action on how to achieve the targets set in the directive. Without a significant impulse for the mobilization of capital investments in renewables and energy efficiency, these climate goals will not be achieved.
Climate protection and sustainable development rely technologically on three main areas:
- Reduction of energy consumption
- Increase of efficiency in the production of energy and its distribution
- Substitution of the use of fossil based energy sources with renewable energy sources
These measures must be integrative, as ultimately only efficient integrated energy systems can have a sustainable impact on the climate.
Through signing the Paris Agreement in 2015, the expansion of renewable energy and the improvement of energy efficiency in all industries and throughout society has gained utmost urgency of action for climate protection. The substantial investments required for the switch to renewable energy has triggered the emergence and expansion of markets for project developers, engineering firms, machinery and equipment manufacturers, component suppliers and plant operators, as well as giving rise to numerous national and international regulations and subsidy schemes. This in turn has fueled new dynamics of research and development in the field, with a view to increasing energy efficiency and lowering investment and maintenance costs for the operational life span of energy production facilities.
