Energy

Energy Trade

EC approves Bulgartransgaz participation in Greek LNG terminal project

The European Commission said on Monday that it has approved the acquisition of joint control of Gastrade, the Greek company...

Energy Trade

Polish PGNiG increases gas production in Norway

Polish oil and gas company PGNiG estimates its gas production on the Norwegian Continental Shelf (NCS) at around 2.6 billion...

Energy Trade

RWE to sell solar developer Belectric to Czech ČEZ

German energy company RWE AG is selling solar PV (photovoltaic) plant developer subsidiary Belectric to Czech power group ČEZ, Germany's...

Power

Poland’s PGE completes distribution network in Mazovia

The modernization and expansion of the energy infrastructure in Czosnów, east-central Poland, have completed the third stage of Polska Grupa...

Energy Trade

Market volatility squeezes Romanian gas traders out of business

Swiss-based natural gas supplier Restart Energy has abandoned its 18,000 clients in Romania quicker than initially announced, and it was...

Power

Bulgaria’s day-ahead power market posts new price record

The Independent Bulgarian Energy Exchange (IBEX) day-ahead market recorded a new all-time high price of electricity for industrial consumers, according...

Power

Business chamber estimates higher energy prices put 21,000 SMEs in tight spot

Higher energy prices have put about 21,000 SMEs in a difficult position, the Hungarian Chamber of Commerce and Industry said...

Green Energy

Sharp enters into partnership to capture project business in Poland

Sharp Energy Solutions Europe has concluded a strategic partnership with Polish wind project developer Dalasina for the PV (photovoltaic) project...

Power

V4 presses to make nuclear power ‘sustainable’ in EU taxonomy

János Süli, Hungary's minister in charge of the upgrade of the Paks nuclear power plant, on Thursday signed a declaration...

Green Energy

Lithuania’s Ignitis plots Polish solar expansion

Lithuanian energy company Ignitis Group said it is bolstering its position in Poland through the acquisitions of companies that are...

Energy Trade

Romanian energy trader Restart pulls out of natural gas supply market

Restart Energy, an independent energy supplier in the Romanian market with a portfolio of around 50,000 customers on the electricity...

Power

Application for Paks II reactor vessels permit submitted

An application for a permit to produce the reactor vessels of the two blocks being added at Paks, Hungary's sole...

Green Energy

Alteo Profit up 315% y.o.y.

The after-tax profit of listed alternative energy company Alteo rose 315% year-on-year to HUF 4.9 billion in January-September, according to...

Energy Trade

Recovery slows due to supply chain, energy market issues

The economic recovery has slowed significantly in recent months due to supply chain damage and energy market problems, Gábor Regős,...

Green Energy

Polenergia lands deal to buy PV installer Edison Energia

Polish energy group Polenergia SA has signed an initial agreement to acquire compatriot solar systems developer Edison Energia in order...

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...