Energy

Green Energy

Solar Energy Capacity Reaches 5,649 MW

Hungary's solar energy capacity has reached 5,649 MW, the Ministry of Energy Affairs said in a release on its website,...

Green Energy

Modification Made to Solar System Installation Tenders

Several, predominantly technical modifications were made to the call for tenders for the program supporting the installation of modern solar...

Energy Trade

MOL: Janaf Prices ‘Unfair’

Prices Croatian pipeline operator Janaf is charging Hungary's MOL for crude deliveries are "disproportionately high" and "unfair", the oil and...

Energy Trade

MOL to Phase in Excise Tax Increase Gradually

Hungarian oil and gas company MOL will build a HUF 41/liter vehicle fuel excise tax increase into its petrol and...

Energy Trade

MOL Announces Start of Production at Gas Field in Kazakhstan

Hungarian oil and gas company MOL on Friday announced the start of production at a gas field in Kazakhstan with...

Energy Trade

Bulgaria Repeals Law on Higher Gas Transit Fee

Bulgaria has repealed a law that raised the transit fee for gas from Russia, Minister of Foreign Affairs and Trade...

Energy Trade

Orbán Gets Assurances Bulgaria Will Scrap Gas Transit Fee

Boyko Borisov, the former prime minister of Bulgaria and the head of political party Gerb, told Prime Minister Viktor Orbán...

Green Energy

MVM Buys 100 MW Solar Park From Genertec

State-owned energy group MVM has acquired a 100 MW solar park in Kaposvár from China's Genertec International group, MVM said...

Power

Paks Gears up for Lifespan Extension

The process of extending the lifespan of the Paks nuclear power plant started with the notification of the European Union...

Green Energy

Tender for Home Solar Panel, Battery Subsidies Announced

Energy Affairs Minister Csaba Lantos announced the publication of a tender for HUF 75 billion in subsidies for home solar...

Green Energy

Alteo Invests HUF 5.5 bln in Energy Storage

Alteo is spending HUF 5.5 billion to install battery storage and gas engines to even out differences between energy supply...

Energy Trade

Hungary Energy Supply Secure – Minister

Hungary's energy supply is secure: the country's five big gas stores are full, Energy Affairs Minister Csaba Lantos told parliament's...

Energy Trade

MVM to Pay Early Dividend

State-owned energy group MVM on Monday announced a decision on the payment of a HUF 309 billion early dividend, according...

Green Energy

EBRD, PBZ Lend EUR 21 mln to Croatia’s Encro for PV Plants

The European Bank for Reconstruction and Development (EBRD) and Croatian lender Privredna Banka Zagreb said on Friday they have lent...

Energy Trade

Hungary Mulls LNG Purchases From Venezuela

Hungary is weighing the possibility of buying LNG from Venezuela, Minister of Foreign Affairs and Trade Péter Szijjártó said after...

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...