Austria is one of the foremost producers of hydroelectric power in Europe. The most important power facilities are publicly owned; 50% of the shares of the large private producers are owned by provincial governments.
According to Austrian Environment Minister Nikolaus Berlakovich Austria has a target of 34% renewable energy by 2020 and 100% self-sufficiency in energy by 2050. In Austria will be 100,000 new green jobs up to 2020, Berlakovich hoped in the European Wind Energy Event 2013 by EWEA.
In 2000, net electricity generation was 58.8 TWh, of which 28.5% came from fossil fuels, 68.6% from hydropower, none from nuclear energy, and the remainder from other sources. In the same year, consumption of electricity totaled 54.8 TWh. Total installed capacity at the beginning of 2001 was 14.2 million kW. In 2000 petroleum accounted for 39% of energy consumption, natural gas 20%, coal 10%, nuclear energy 0%, and hydroelectric power 31%. During the winter, when there is less flowing water for hydroelectric power, domestic electricity demands must be supplemented by imports from neighboring countries.
Oil, first produced in 1863, is found both in Upper Austria, near Wolfsegg am Hausruck, and in Lower Austria, in the vicinity of Vienna. After reaching a peak of about 3,700,000 tons in 1955, oil production gradually declined to 22,000 barrels per day in 2000. Natural gas production was 1.698 billion cubic metres in 1998, far short of domestic needs; consumption amounted to 6.862 billion cubic metres in that year.