The Püspök group of companies is building six agricultural PV systems in the north of Burgenland. Money also comes from the European Investment Bank (EIB). The mega project should help reduce dependence on oil and gas imports.
By mid-2026, agri-PV systems with a total capacity of 257 megawatt peak (MWP) will be built in Nickelsdorf, Parndorf, Gattendorf and Mönchhof. There is also a modern battery storage system with a capacity of 4.1 megawatts/8.6 megawatt hours. This means that 71,000 households can be supplied with clean electricity.
Climate-neutral energy supply
The EIB is also financing the mega project – a total of 80 million euros. The Püspök group of companies is implementing the project together with Erste Bank Österreich, which is also providing a loan of 43 million euros. Of this, EUR 28 million will be refinanced by the EIB. This covers 72 percent of the total costs of 144 million euros. “The planned solar farms represent another important step towards a climate-neutral energy supply and will help reduce Europe’s dependence on oil and gas imports,” explains EIB Vice-President Thomas Östros. Rapid expansion of renewable energy is crucial for decarbonizing the economy.
“Thanks to the support of the EIB and Erste Bank, we can realize six photovoltaic parks for agriculture, which represent a milestone on our path to a sustainable energy future,” explains Lukas Püspök, Managing Director of the Püspök Group. Not only are we accelerating Austria’s path to energy independence, but we are also contributing to achieving climate goals.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
