Energy

Energy Trade

Electricity Storage, Regulation Play key Role in Development of Renewables and Energy Independence

The EU regulatory framework supports the development of smart systems and the possibility of demand-side regulation. It makes the deployment...

Green Energy

HUF 71 bln Going to Green Infrastructure Between 2021-2027

According to the government's plans, HUF 71 billion will be provided between 2021 and 2027 for implementing urban green infrastructure...

Energy Trade

Alteo Postpones Bond Issue

Listed alternative energy company Alteo on Monday announced a decision to postpone the auction of a corporate bond "due to...

Green Energy

Hungary Suspends Next Phase of Home Solar Panel Subsidies

The government will suspend the next phase of subsidies for home solar panels after the current tender for the support...

Green Energy

Nordex Unveils 50-MW Wind Turbine Order in Croatia

German wind turbine manufacturer Nordex SE said on Thursday that an unnamed customer has recently awarded the company a 50-MW...

Energy Trade

LNG Croatia Opens Tender for Design of Refueling Spot in Zadar

LNG Hrvatska, the operator of Croatia's liquefied natural gas (LNG) terminal on the Krk island, said it has launched a...

Energy Trade

Gazprom Confirms Commitment on Hungary Gas Deliveries 

Gazprom has confirmed its commitment to continued deliveries of gas to Hungary and the long-term operation of the TurkStream pipeline,...

Energy Trade

Hungary to Help Build Pipeline to Ship Russian Crude to Serbia

Hungary has said it will help build a pipeline to transport Russian crude to Serbia to ensure continued oil supply...

Green Energy

Alteo to Issue HUF 7.5 bln Corporate Bond

Listed alternative energy company Alteo will auction a HUF 7.5 billion corporate bond on October 18, a prospectus posted on...

Green Energy

EDPR Wins Grid-Connection Permit for 226-MW Romanian Wind Project

The Romanian arm of Portugal's EDP SA has secured technical approval for the grid connection of a 226.5-MW wind farm...

Energy Trade

Czech Gas Consumption Down by 20% in Q3

Gas consumption in the Czech Republic fell by 20% year-on-year in the third quarter, the ČTKnews agency reported citing Kamil...

Green Energy

Greenergy Inaugurates EUR 10 mln Solar Park

Hungary's Greenergy inaugurated a EUR 10 million, 10MW solar park on the outskirts of Paks on Friday....

Green Energy

Ganz Delivers HUF 340 mln Transformer Unit for French Wind Farm

Ganz Transformers and Electric Rotating Machines has delivered a high-performance transformer unit for the wind power plant Poste du Mont...

Green Energy

Equinor’s 1st Solar Plant in Poland Ready

The construction of the 58-MW Stępień solar plant in Poland is completed, and the plant is ready for operation, Norwegian...

Green Energy

MVM Renewables Unit Launches Construction of HUF 9.5 bln Solar Park

MVM Zöld Generáció, the renewables unit of state-owned energy company MVM, launched the construction of a HUF 9.5 billion, 24...

Energy

Energy Transition Puts Grid Investment, Regulatory Reform in Focus

Hungary’s next energy challenge is integrating its expanding renewable capacity into a reliable, flexible electricity system. E.ON’s Guntram Würzberg discusses...

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...

Energy Transition Puts Grid Investment, Regulatory Reform in Focus

Hungary’s next energy challenge is integrating its expanding renewable capacity into a reliable, flexible electricity system. E.ON’s Guntram Würzberg discusses...

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...