Energy

Green Energy

Electricity from renewables up last year

The proportion of electricity produced from renewable sources, including solar panels, has increased significantly in Hungary, according to business daily...

Energy Trade

Global oil, gas investments to hit USD 628 bln in 2022

Global oil and gas investments will expand by USD 26 billion this year as the industry continues its protracted recovery...

Green Energy

CTP starts deployment of PV plants in Biatorbágy, Üllő

CTP has started the construction of solar power plants across its entire portfolio, with the first phase of six buildings...

Green Energy

Solar additions in the Czech Rep amounted to 62 MW in 2021

Czech solar association, Solární asociace, has announced an addition of 62 MW (megawatts) of new solar power plants in 2021,...

Green Energy

Romania to hold first renewables tender in H1

The Romanian government has revealed plans to hold the country's first tender for utility-scale renewables projects in the first half...

Energy Trade

LNG Alliance to construct LNG import terminal in Montenegro

Singapore-based project developer LNG Alliance has partnered up with Montenegro's state-owned power firm EPCG to look into liquid natural gas...

Energy Trade

MVM Energetika gets HUF 208 bln capital raise

Share capital at state-owned energy company MVM Energetika has been raised by HUF 208 billion to HUF 796.6 bln, MVM...

Power

MET Group picks Tesla Megapack for battery energy storage project

MET Group is set to become the first to install a Megapack battery in Hungary next summer, as part of...

Energy Trade

Hungary, Ukraine gas TSOs agree on firm capacity offering

Hungarian gas transmission system operator (TSO) FGSZ on Wednesday said it reached an agreement with the Gas Transmission System Operator...

Power

Majority of Poles support the construction of NPP in Poland

As much as 74% of Poles support the construction of nuclear power plants in Poland, according to a study commissioned...

Energy Trade

V4 advocates action on rising energy prices in Brussels 

The Visegrád Group pressed for measures to stop climbing energy prices at a summit of European Union leaders in Brussels...

Green Energy

Masdar, Taaleri inaugurate 51-MW onshore wind trio in Poland

Abu Dhabi's renewable energy company Masdar and the Finnish Taaleri SolarWind II fund have inaugurated three onshore wind farms of...

Energy Trade

Romania to increase gas storage capacity 

Romania wants to increase its natural gas storage capacity from 3 billion cubic meters to 4 billion cubic meters by...

Green Energy

Dearer feed, fertilizer lift farm input prices – KSH

Agricultural input prices in Hungary rose 12.4% year-on-year in Q1-Q3, boosted by higher feed and artificial fertilizer prices, data released...

Green Energy

Alteo wins HUF 400 mln grant for R&D project

Listed alternative energy company Alteo on Tuesday said it won a HUF 400 mln grant together with the Rényi Alfréd...

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...