OeEB and ILF Consulting Engineers, a renowned Austrian engineering and consulting firm, found a joint project development company in September 2017. The aim of Rendcor (Renewable Energy Development Corporation) is to provide know-how and capital for renewable energy projects in developing countries.

Project name Rendcor Project Development Company
Region Southern and Eastern Asia
Sector Energy / Resource efficiency / Infrastructure
Service Equity Participation
OeEB project volume EUR 5 million
Projekt partner(s) ILF Consulting Engineers

Both OeEB and ILF Consulting Engineers will hold 50 percent ownership. Rendcor's first projects will be implemented in Southeast Asia, building on ILF's extensive experience in the region.

By investing in Rendcor, OeEB contributes to promoting clean energy and climate protection.