The Regional Economic Interdependencies of Wien Energie's Investments 2018-2023 (2024)

Wien Energie, the largest regional energy provider in Austria, is pursuing an ambitious investment programme to achieve its climate targets. By 2030, emissions are to be reduced by a third compared to 2019, with the aim of achieving climate neutrality by 2040. Since 2018, annual investments have risen from 90 to over 300 million €. This study analyses the regional economic effects associated with these investments during the construction phase. In total, Wien Energie invested or is investing around 1.3 billion € in the period from 2018 to 2024 – this corresponds to an annual volume of around 190 million € on average. This is associated with a value added in Austria of almost 130 million € in the construction phase (which utilizes around 1,400 jobs), around half of which is generated in Vienna. In addition, almost 50 million € in taxes and social security contributions are generated in the economic cycle, however only a small proportion of which (after financial equalization) remains in Vienna.