Austrian Federal Minister of Economy and Energy Wolfgang Hattmannsdorfer described the new law as a major step forward that strengthens Austria’s position as an investment destination.
He praised the legislation for accelerating and simplifying approval procedures for energy projects through the consolidation of responsibilities and the establishment of clearer mechanisms and processes. He stated: “We are pursuing a tangible strategic policy.”
The new energy law is designed to accelerate the deployment of wind energy, solar photovoltaic power, hydropower, geothermal energy, electricity grids, and energy storage technologies. It also streamlines procedures to prevent delays in obtaining the permits required for energy infrastructure projects.
Austria is working toward achieving the goals of its renewable energy expansion plan by increasing renewable energy generation by 30 terawatt-hours (TWh) by 2030, with a target of reaching 40 TWh by 2035.
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