Energy

Energy Trade

Hungary signs long-term gas supply agreement with Gazprom

Hungary has signed a long-term gas supply agreement with Russia's Gazprom on Monday that will guarantee Hungary's energy security for...

Energy Trade

Black Sea Oil & Gas installs gas platform off Romania

Romanian energy company Black Sea Oil & Gas (BSOG) has installed its Ana offshore production platform in the Black Sea,...

Green Energy

Croatia launches rebate scheme for rooftop PV

Croatia's Ministry of Regional Development and EU Funds has launched a rebate scheme for rooftop PV (photovoltaic) installations....

Energy Trade

MVM Partner enters new markets

MVM Partner, the electricity trader of state-owned energy company MVM Group, entered markets in Belgium, the Netherlands and Greece from...

Green Energy

EIB approves EUR 2.2 bln for climate action projects in Europe

The European Investment Bank's board of directors last week approved EUR 2.2 billion (USD 2.6 billion) of new financing for...

Energy Trade

OMV Petrom delivers LNG to fuel Romania’s 1st LNG operated ship 

Romanian energy company OMV Petrom has completed the first delivery of liquefied natural gas (LNG) to Damen Shipyards Mangalia, where...

Green Energy

Vestas wins additional turbine orders in Poland

Danish wind turbines manufacturer Vestas Wind Systems A/S said Thursday it has received orders for three wind projects in Poland....

Green Energy

Romania seeking EUR 492 mln EIB financing for 9 energy projects

Romania is seeking EUR 492 million financing from the European Investment Bank's Modernisation Fund for nine mostly green strategic investment...

Green Energy

Latvia, Estonia launch offshore pre-feasibility study

Hendrikson & KO and Pondera Consult have been selected to carry out a pre-feasibility study for the up to 1-GW...

Energy Trade

Slovak gas pipeline operator to transport green hydrogen in the future

Slovak gas transmission system operator Eustream should transport, in addition to natural gas, hydrogen, local media reported....

Green Energy

Romania’s Hidroelectrica to build 45 MWp solar plant in Brăila

Romanian hydropower producer Hidroelectrica plans to build a 45-MWp (megawatt-peak) solar plant in the eastern county of Brăila, eastern Romania,...

Green Energy

Offshore wind delivers 6.1 GW in 2020 surge

Just over 6 GW (gigawatt) of offshore wind was installed globally in 2020, with China leading the way as the...

Green Energy

Poland’s solar capacity doubles in a year

Poland's installed solar generation capacity doubled year on year to reach 5.5 GW (gigawatt) at the end of July, but...

Energy Trade

Polish PGNiG, Venture Global finalize US LNG supply deal

Poland's oil and gas company PGNiG (Polskie Górnictwo Naftowe i Gazownictwo SA) has finalized a recently announced deal under which...

Green Energy

Poland to invest in hydrogen valleys, development agency says

Under Poland's National Reconstruction Plan, funds allocated to projects contributing to the development of hydrogen technologies will reach EUR 800...

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...