Energy

Green Energy

Polish R Power acquires 59MW Portuguese PV portfolio

Polish company R Power has invested in a portfolio of solar projects in Portugal totaling 59 MW (megawatt)....

Energy Trade

Poland’s PGNiG takes over Ukrainian peer

Polish Oil and Gas Company (PGNiG) has bought a majority stake in the Ukrainian company Karpatgazvydobuvannia, holding a gas exploration...

Green Energy

Gov’t supports solar panel installation with HUF 200 bln in grants

Hungary plans to call a tender for more than HUF 200 billion in grants to support the installation of home...

Energy Trade

Hungary, Russia hammer out details of long-term gas deal

Hungary has worked out "all details" and "all issues" of a long-term gas delivery agreement with Russia that will replace...

Energy Trade

EBRD buys 25% stake in Romania’s Transgaz subsidiary in Moldova

Romanian gas transmission company Transgaz said on Wednesday that the European Bank for Reconstruction and Development (EBRD) has become a...

Energy Trade

Ukraine targets gas reserves of over 19 bcm ahead of winter

Accumulated gas reserves in underground storage facilities have already reached more than 17.5 billion cubic metres (bcm), but Ukraine hopes...

Green Energy

Polish gov’t to subsidize home energy storage in solar drive

The Polish government is planning to provide subsidies to help people install energy-storage capacity in their homes, according to a...

Green Energy

Portuguese Greenvolt to start construction of 50 MW of wind in Poland

Portuguese renewables company Greenvolt-Energias Renovaveis SA announced Tuesday that its subsidiary V-Ridium is commencing construction of 50-MW (megawatt) of wind...

Green Energy

Energy transition to create 60 mln solar jobs globally by 2050, study

The latest attempt to flesh out the employment benefits of a global energy transition has suggested the 57 million jobs...

Energy Trade

Romania strengthens nuclear cooperation with Canada

Romania and Canada have signed a memorandum of understanding (MoU) in Bucharest to strengthen cooperation in the field of nuclear...

Green Energy

EU ramping up solar, wind to meet 2030 renewables target

The EU's renewables capacity is set to soar in the coming years. Data shows the bloc's pipeline of solar and...

Energy Trade

High interest at Hungary feed-in tariff tender

The Hungarian Energy and Public Utilities Regulatory Office (MEKH) received offers for 1,009 GWh of electricity generated from renewable resources...

Green Energy

EDPR to sell 149-MW wind portfolio in Poland

Spain-based renewable energy company EDP Renovaveis SA announced it has agreed to sell a 100% equity stake in a 149-MW...

Energy Trade

Electricity prices rise in June

Due to rising demand, rising costs, and low wind power generation, electricity prices continued to rise in June in both...

Energy Trade

MVM seeks leadership role in hydrogen production

The goal of the MVM Group is to become Hungary's indisputable leader in the production of carbon-free hydrogen by 2030,...

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...