Energy

Green Energy

NAP shares listed on Budapest Stock Exchange 

Shares of alternative energy company NAP were listed on the Budapest Stock Exchange on Thursday, according to a report by...

Power

Hungary retains cheapest electricity in EU

Retail gas prices fell slightly, while electricity prices in European Union (EU) member states rose slightly in the first half...

Energy Trade

BSOG to start gas extraction from Romanian offshore project in Q1

Romania-based Black Sea Oil & Gas (BSOG) said on Tuesday that it expects to begin extracting natural gas from its...

Green Energy

Romania’s Electrica plans to buy five PV parks operators 

Romania's electricity supply and distribution group Electrica will buy five companies that own and operate photovoltaic (PV) power plants for...

Energy Trade

Hungary at odds with EC’s energy market deregulation plan

Hungary does not agree with the European Commission's plan for energy market deregulation, as its timing is too early and...

Green Energy

Germany to back climate action in Serbia with EUR 309 mln package

Serbia and Germany have signed a declaration of intent on strategic cooperation in the field of climate action, worth EUR...

Green Energy

Bilfinger partnership to scale up green hydrogen in Europe

Mannheim, Germany-based Bilfinger has entered into a strategic partnership with Hydrogenious LOHC Technologies to make green hydrogen economically available on...

Green Energy

Bulgaria developing plans to phase out coal by 2040

The caretaker government of Bulgaria declared a U-turn with regard to the country's energy policy, disregarding the ongoing global energy...

Energy Trade

Polish LNG terminal expansion progressing

Polish LNG company Gaz-System S.A. says a gigantic wall of a new liquified natural gas (LNG) tank was put up...

Power

Electricity prices continue to rise

According to the electricity market monitoring report of the Hungarian Energy and Utilities Regulatory Authority (MEKH), electricity prices continued to...

Green Energy

SUNfarming gets financing to buy, build 20-MWp Polish PV portfolio

German solar engineering company SUNfarming GmbH has secured financing for the acquisition and construction of a 20-MWp (megawatt-peak) solar portfolio...

Green Energy

Octopus Renewables buys 58.8 MW of wind farms in Poland

Green energy investor Octopus Renewables Infrastructure Trust Plc (ORIT) said Tuesday it has purchased two wind projects in Poland with...

Energy Trade

Storage market to ‘add 30 GW a year by 2030’

The global energy storage market will add over 30 GW (gigawatt) a year by 2030, up 250% on 2021 levels,...

Green Energy

1st solar modules picked for 30 MW of PV schemes in Poland

First Solar Inc has won an order to supply 30 MW (megawatt) of solar panels for a portfolio of Polish...

Green Energy

First solar energy community established in Hungary

The local council of Keszthely and MVM Optimum, a unit of state-owned energy group MVM, have set up Hungary's first...

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...