Energy

Energy Trade

Hungary, Slovenia Sign MoU on Gas Interconnector

Hungary and Slovenia signed a memorandum of understanding in Budapest on Wednesday on the construction of an interconnector between the...

Green Energy

Polish PGE Completes 2 PV Farms

Polish renewable developer PGE Energia Odnawialna, a subsidiary of the PGE Group, has completed construction on two photovoltaic (PV) farms,...

Green Energy

Poland’s Enea Group Acquires 35 MW Solar Farm

Polish energy company Enea Group has a acquired a 35-MW solar farm from Pad Res, a joint venture between Kajima...

Green Energy

Hungary’s 2nd Social Solar Power Plant Begins Operation

Hungary's second social solar power plant started operating on the outskirts of the village of Lakócsa (250 km southwest of...

Green Energy

Earth Heat – a Hot Topic

Hungary's Recovery and Resistance Plan, put into social debate by the government, Chapter REPowerEU (the “Draft”) also contains ideas for...

Energy Trade

Bulgaria, Hungary to Cooperate on LNG for CEE

Bulgarian state-owned gas supplier Bulgargaz and Hungarian peer MVM CEEnergy have agreed to cooperate in the delivery and trading of...

Green Energy

Hungary Solar Power Capacity Climbs Over 5,200 MW

Solar power capacity in Hungary has risen to over 5,200 MW, the Energy Affairs Ministry said on Friday, according to...

Green Energy

Balance-based Settlement to Stay in Place for Existing Solar Prosumers

Hungary will keep balance-based settlement for households that already have solar panels hooked up to the power grid, instead of...

Power

Excavation for Paks Block 6 Begins

Earth excavation, the first step in the preparatory work for construction of the future block six of the Paks nuclear...

Green Energy

Ministry Weighs MPs’ Request on EU Changes to Solar Power Settlement

The Energy Affairs Ministry said it would "seriously weigh" a request by the parliamentary group of governing Fidesz regarding changes...

Energy Trade

Hungary Looks to Bulgaria to Boost Gas Transit Delivery Capacity

Bulgarian President Rumen Radev offered assurances that Hungary could count on Bulgaria to boost transit delivery capacity for gas that...

Energy Trade

Hungary-Slovenia Gas Interconnector Cleared

The construction of an interconnector between the gas networks of Hungary and Slovenia has been given the go-ahead, Minister of...

Green Energy

Alteo H1 Earnings Climb 10%

First-half after-tax profit of listed alternative energy company Alteo rose 10% year-on-year to HUF 8.8 billion, state news wire MTI...

Power

Companies Cutting Energy Costs

Some six out of ten companies are already doing something in the summer in order to lower their energy costs,...

Energy Trade

Erdoğan Holds Energy Cooperation Talks With Orbán

Bilateral energy cooperation talks took place between Prime Minister Viktor Orbán and Turkish President Recep Tayyip Erdoğan in Budapest on...

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...