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Jules Clinic: financing through renewable energy

Jules Clinic: financing through renewable energy

Theodore Meeks, June 20, 2024

Policy

According to State Governor Hans-Peter Doskozil (SPÖ), the planned clinic in Julis (Neusiedl am See district) will be financed using renewable energy revenues. To this end, the state is acquiring a majority stake in a subsidiary of Burgenland Energy.

06/20/2024 07/15

Online since today at 3:07 pm

Burgenland wants to finance the planned hospital in Jules (Neusiedl am See region) using income from renewable energy. A subsidiary of Burgenland Energie, which has 2,000 MW of wind and photovoltaic projects in the pipeline, will take a 51 percent stake. State Governor Hans-Peter Doskozil (SPÖ) announced on Thursday that the resulting profits would flow into the construction of the hospital.

The subsidiary is currently planning around 45 wind and PV projects with a volume of around €650 million. The state, like Burgenland Energy, provides 10% of the capital, worth 65 million euros. Doskozil explained that this investment must be covered by the profits paid by the company. There is no need to take out an additional loan.

The stock will be sold again

The state will then sell its 51% stake back to Burgenland Energie after a corresponding increase in value and use the money to finance the construction of the hospital in Jules.

Map showing the location of Jules Hospital

ORF

The planned hospital in Julis will be built here

Projects in the field of renewable energy are implemented without any responsibility on the state. The European Investment Bank intends to provide half of the investments, said Stefan Sharma, CEO of Burgenland Energy. In addition, funds will come from Raiffeisen, Erstebank, UniCredit, Landsbank Baden-Württemberg and the Austrian European Insurance Association.

Gols: Costs are in the triple-digit million range

Doskozil sees the design as an opportunity to address two challenges at the same time: on the one hand, the expansion of solar and wind energy should push the country towards climate neutrality and energy independence, and on the other hand, this will ensure healthcare. In northern Burgenland. The state governor expects that the hospital costs in Julis will be in the range of three million. In September, he announced an offer to all communities aimed at saving prices and providing security to residents.

Sharma stressed that wind and photovoltaic projects with an output of 2,000 MW would make Burgenland self-sufficient in energy by 2030. The aim is also to move away from dependence on Russian gas.

Theodore Meeks

Lifelong foodaholic. Professional twitter expert. Organizer. Award-winning internet geek. Coffee advocate.

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