Energy

Energy Trade

Serbia breaks ground for gas link with Bulgaria

Serbia started the construction of an EUR 85.5 million (USD 96.8 million) link to Bulgaria's gas distribution system, its government...

Green Energy

Wpd plans 1.9 GW in Black Sea off Romania

German wpd AG has applied to develop two offshore wind farms in the Black Sea off the coast of Romania...

Energy Trade

Polish gas company to slow down investments

State-owned PGNiG, a dominant gas supplier to the Polish market, will slow down some investment projects due to unstable situation...

Green Energy

Renewable energy accounts for 11.9% of electricity consumption

Energy from renewable sources accounted for 11.9% of gross electricity consumption in Hungary in 2020, EU statistical agency Eurostat said...

Green Energy

Alteo purchases shares for ESOP

Listed alternative energy company Alteo said on Wednesday that it has purchased 135,700 shares from Dayton-Invest and Wallis Asset Management...

Energy Trade

FGSZ reaches agreement with Ukraine’s GTSOU

Hungarian gas transmission system operator FGSZ yesterday said it reached an agreement with the Gas Transmission System Operator of Ukraine...

Green Energy

Croatia’s Janaf to diversify into renewables

Croatian oil pipeline operator Jadranski Naftovod, known as Janaf, said on Friday that it will diversify into renewables as part...

Green Energy

Swiss SUSI Partners enters Polish renewables market

Zug, Switzerland-based SUSI Partners, through its Energy Transition Fund, has set up a renewable energy platform in Poland with local...

Energy Trade

Strong LNG imports to Europe offset lower Russian gas flows

A flurry of LNG cargoes heading to Europe are likely to offset a sharp decrease in natural gas imports from...

Energy Trade

Cleaner Energy Goals Drive Automotive Industry Changes

Climate goals calling for cleaner energy to counter global warming and reverse its harmful effects are causing changes that are...

Energy Trade

Kosovo allocates EUR 75 mln to power price subsidies

Kosovo's government will allocate EUR 75 million of public expenditure to subsidies for electricity prices for households and businesses, aiming...

Green Energy

Wind power expansion in Austria to recover further in 2022

Austria is expected to considerably accelerate the expansion of onshore wind capacity in 2022 after years of slowdown and deploy...

Energy Trade

Croatia’s Janaf in oil transportation deal with Serbia’s NIS

Croatian oil pipeline operator Janaf said on Tuesday it has signed a crude oil transportation deal with Serbian oil and...

Energy Trade

Russian gas export flows to Germany, Slovakia down in January

Over half of Russian natural gas supply to Europe's major markets via Germany and Slovakia has gone missing this calendar...

Green Energy

Alteo updates strategy

Listed alternative energy company Alteo said it aims to raise its annual EBITDA to HUF 11 billion by 2026 in...

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...