Bioenergy, Geothermal, Hydropower, Solar, Storage, Wind Power

Renewable Energy Fund Gains Euro 500 M

Vienna, Austria [RenewableEnergyAccess.com] Intending to concentrate on renewable energy sources, OMV Aktiengesellschaft has established the OMV Future Energy Fund to identify projects in the field of renewable energy within the OMV group and provide them with up to EUR 500 million [US$ 630 million]. As the company’s think tank and initiator of activities in the field of future energies, the OMV Future Energy Fund is responsible for giving focus to and supporting research as well as concrete project proposals at OMV. An advisory council has been appointed for the fund to decide independently about project applications and their financial support.