Energy

Power

Production of Paks Reactor Vessels Begins

Production of the reactor vessels for new blocks at Hungary's Paks nuclear power plant has started in Russia, Minister of...

Energy Trade

MVM Agrees With Gazprom on Deferred Gas Payments

Hungarian energy company MVM on Monday said it reached an agreement with Russia's Gazprom on making deferred payments for gas...

Energy Trade

Residential Energy Efficiency Tenders Based on EU Funds

Hungary has a new opportunity to launch residential energy efficiency tenders based on EU funds, writes profitline.hu....

Power

2nd Shipment of Fuel Rods Delivered to Paks

The second September delivery of fuel rods from Russia has arrived at the Paks nuclear power plant, Minister of Foreign...

Green Energy

Taaleri Energia Refinances 158-MW Wind Farm in Serbia

Helsinki, Finland-based renewables developer, and fund manager Taaleri Energia said that it has refinanced the 158-MW (megawatt) Cibuk wind farm...

Green Energy

Bulgaria’s TPP Bobov Dol to Build Solar Plant

Bulgaria's coal-fired power plant Bobov Dol is investing about BGN 100 million (EUR 51.1 million) in the construction of a...

Green Energy

1st Phase of 290-MW Zwartowo Solar Park in Poland Goes Online

The construction of Poland's largest solar park is progressing with the first 204-MWp (megawatt-peak) phase of the Zwartowo project already...

Energy Trade

Businesses Make Proposals to Gov’t on Easing Energy Crisis

Business association VOSZ is recommending the government broaden utilities support for companies and step up subsidies for energy investments in...

Energy Trade

MOL Delegates to INA Board Resign

Members of the management board of Croatian oil and gas company INA delegated by Hungary's MOL have resigned amid revelations...

Green Energy

Electricity Produced by Solar Panels up 25.2% y.o.y. in June

The amount of electricity produced by solar panels increased by 25.2% in June compared to the same period of the...

Green Energy

Alteo Announces Intent to Launch HUF 20 bln Bond Program

Listed alternative energy company Alteo on Wednesday announced its intention to launch a HUF 20 bln bond program from the...

Green Energy

MET Inaugurates 1st Tesla MegaPack in Hungary

MET Group, an energy company based in Switzerland with Hungarian roots, inaugurated Hungary's first Tesla Megapack at the Dunamenti Power...

Green Energy

NAP Books HUF 522 mln Profit

Nap, a solar power company listed on the Budapest Stock Exchange's Xtend platform for SMEs, projects a significant increase in...

Energy Trade

Hungary Mandates 25% Cut in Gas Consumption at State Institutions

Hungary's government has decided to mandate a 25% reduction in gas consumption at state institutions and state-owned companies, Gergely Gulyás,...

Energy Trade

INA Chairman Tenders Resignation

Sándor Fasimon, the chairman of Croatian oil and gas company INA, a member of Hungary's MOL Group, has tendered his...

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...