Energy

Green Energy

Investors Plan to Add 10 GW of Renewables Capacity

Investors have signaled their intent to build solar parks and wind farms with a capacity of over 10 GW, the...

Energy Trade

Oil Association Head Expects Fuel Price Deceleration

The general secretary of the Hungarian Mineral Oil Association, Ottó Grád, expects the growth of fuel prices to slow down...

Green Energy

Szeged Expands Geothermal District Heating System

The city of Szeged has expanded its geothermal district heating system with a HUF 2.4 billion investment, the Construction and...

Energy Trade

Hungary Establishes Legal Framework for Possible LNG Investments

Hungary has created the legal conditions that would make LNG infrastructure investments "theoretically possible", Energy Affairs Minister Csaba Lantos said...

Green Energy

European Solar Generation to Rise 50 TWh in 2024, Rystad Energy Says

Solar power generation in Europe will increase by about 50 TWh (terrawatt-hour) in 2024, more than any other generation source,...

Green Energy

Share of Renewables in Transports Reaches 7.8% in Hungary

The share of renewable energy sources in transport reached 7.8% in Hungary in 2022, data from Eurostat show....

Energy Trade

Bulgarian Regulator OK’s Natgas Price Cut for February

Bulgaria's utility regulator said it has endorsed a final price proposal by public supplier Bulgargaz for a wholesale natural gas...

Energy Trade

Hungary Reaches Political Agreement on Long-term Qatari LNG Deliveries

Hungary has reached a political agreement on Qatari LNG deliveries, paving the way for the signing of a long-term contract...

Energy Trade

Serbia to Invest EUR 150 mln in Oil Link With Hungary

Serbia plans to invest EUR 150 million (USD 163 million) in the construction of a 128-km (79.5 mile) cross-border oil...

Green Energy

MVM Makes Green Transition a Pillar of Long-term Strategy

State-owned energy group MVM has made the green transition a pillar of its new strategy running until 2035, CEO Károly...

Green Energy

Over 21,000 Apply for HUF 75 bln in Home Solar Panel Subsidies

More than 21,000 applications were submitted for HUF 75 bln in subsidies to support the installation of home solar panels...

Energy Trade

4th Well Starts Operating at Corvinus Project

Production started at another well that uses alternative extraction technology at a gas field on the outskirts of Sarkad on...

Green Energy

More Than 17,000 Apply for Solar Energy Plus Program

In the first 24 hours after the opening of the new phase of the Solar Energy Plus Program, more than...

Green Energy

Pre-registration for Solar Panel Subsidies Underway

Pre-registration for the new state solar panel subsidy system started at 10 a.m. yesterday, according to Bank360.hu....

Energy Trade

Hungary, Serbia, Slovenia Could Launch Electricity Exchange in H1

Hungary, Serbia, and Slovenia could start operating a regional electricity bourse in the first half of the year, Minister of...

Energy

Large-scale Energy Storage Enters Center Stage

The role of storage in Hungary’s energy supply system was neglected for far too long. Now things are moving fast,...

Green Energy

MOL Opens HUF 2.7 bln Biomethane Unit in Szarvas

Hungarian oil and gas company MOL inaugurated a new HUF 2.7 billion biomethane unit at its biogas plant in Szarvas,...

Energy

EU Funding Upgrades the Electricity Grid, the Foundation of the Future Energy System

The energy transition’s next phase is about delivering renewable electricity where and when it is needed. That requires greater grid...

Green Energy

Geothermal Energy: ‘Enormous’ Potential in Europe Still Awaiting Full Exploitation

Hungary boasts modest progress in exploiting geothermal energy at the Budapest summit, while experts highlight many conundrums hampering development across...

Energy Trade

E.ON Launches HUF 230 bln Grid Upgrade to Support Hungary’s Energy Transition

E.ON Hungária Group has launched a nearly HUF 230 bln electricity network development program that will create 2,323 MW of...

Green Energy

Futureal Expands in Finland With 3 GW Renewable‑energy Portfolio

Futureal Energy Partners has partnered with Finnish renewable-energy developer Aurinkokarhu Oy to advance a 3 GW portfolio of solar, battery...

Green Energy

Battery Storage Fleet Delivers Up to 1,000 MW to Support Evening Power Demand

Hungary’s rapidly expanding battery storage fleet is becoming a critical tool for balancing the power grid, shifting cheap daytime electricity...

Hungary Still EU’s Largest Buyer of Russian Pipeline Gas

Despite reducing its Russian pipeline gas purchases by 10%, Hungary remained the European Union's largest buyer in the first eight...

Large-scale Energy Storage Enters Center Stage

The role of storage in Hungary’s energy supply system was neglected for far too long. Now things are moving fast,...

MOL Opens HUF 2.7 bln Biomethane Unit in Szarvas

Hungarian oil and gas company MOL inaugurated a new HUF 2.7 billion biomethane unit at its biogas plant in Szarvas,...

EU Funding Upgrades the Electricity Grid, the Foundation of the Future Energy System

The energy transition’s next phase is about delivering renewable electricity where and when it is needed. That requires greater grid...

Geothermal Energy: ‘Enormous’ Potential in Europe Still Awaiting Full Exploitation

Hungary boasts modest progress in exploiting geothermal energy at the Budapest summit, while experts highlight many conundrums hampering development across...

E.ON Launches HUF 230 bln Grid Upgrade to Support Hungary’s Energy Transition

E.ON Hungária Group has launched a nearly HUF 230 bln electricity network development program that will create 2,323 MW of...

Naftogaz, MOL Sign MoU on Fuel Storage in Hungary for Ukraine

Ukraine’s Naftogaz has signed a memorandum of understanding with Hungary’s MOL to explore developing petroleum product storage facilities near the...

Hungary Can Secure Gas Supply Without Russian Imports, Kapitány Says

Hungary could secure its gas supply without Russian imports by October 2027 if current conditions hold, Economy and Energy Minister...

E.ON Installs Four Battery Storage Systems to Support Solar Power and Grid Stability

E.ON Hungária Group has installed four battery storage systems with a combined output of 4 MW and storage capacity of...

MVM Introduces Dynamic Electricity Tariff

From Sep. 1, households and microbusinesses under universal service can voluntarily switch to energy company MVM's new dynamic tariff, which...

Paks Output Tops 800 MW as Record Drought, Heatwave Ease

Output at Hungary's Paks nuclear power plant rose above 800 MW on Sunday as conditions began to improve following the...

Hungary Targets Tenfold Expansion in Wind Power Capacity by 2030

Hungary’s long-stagnant wind energy sector could be set for significant expansion under a government package aimed at increasing installed capacity...

Futureal Expands in Finland With 3 GW Renewable‑energy Portfolio

Futureal Energy Partners has partnered with Finnish renewable-energy developer Aurinkokarhu Oy to advance a 3 GW portfolio of solar, battery...

Battery Storage Fleet Delivers Up to 1,000 MW to Support Evening Power Demand

Hungary’s rapidly expanding battery storage fleet is becoming a critical tool for balancing the power grid, shifting cheap daytime electricity...

Budapest Rooftops Could Generate 2.5 Times Paks Output, Mayor Says

Budapest rooftops could potentially generate energy equivalent to 2.5 times the output of the Paks nuclear power plant through solar...