Energy

Green Energy

Serbia to partner with UGT Renewables in construction of 1 GW of PV capacity

Serbia’s government is in talks with US-based UGT Renewables for the construction of photovoltaic (PV) plants with a total installed...

Energy Trade

MET acquires wind park in Bulgaria

Swiss energy company MET Group has acquired a 100% stake in a 60-megawatt wind park in Bulgaria, after signing a...

Green Energy

EIB and Hydrogen Europe team up on hydrogen projects

European Investment Bank and industry association Hydrogen Europe have signed an agreement for consultancy services for green hydrogen projects, the...

Energy Trade

Electricity market players polled on risk preparedness draft

Domestic participants of the electricity market were given one month to inform the Energy Office what they thought about the...

Energy Trade

EC closes probe into restrictions on gas exports from Romania, Transgaz says

The European Commission has closed an investigation into alleged restrictions on natural gas exports from Romania to other European Union...

Green Energy

Europe had 650 MW of solar cell manufacturing capacity at end 2020

The latest version of the Photovoltaics Report produced by German research body the Fraunhofer Institute of Solar Energy Systems (ISE)...

Energy Trade

Solarpro, GreenYellow team up to build PV plants in Eastern Europe

Bulgarian solar energy group Solarpro Holding and France-based decentralized solar photovoltaic (PV) production company GreenYellow entered a strategic partnership to...

Green Energy

EBRD, Ukraine boost low-carbon hydrogen development

The European Bank for Reconstruction and Development and the Gas Transmission System Operator of Ukraine (GTSOU) are joining forces to...

Energy Trade

Gas becoming more expensive in Europe – EC

According to the European Commission, the jump in LNG (liquefied natural gas ) prices on Asian markets and low stock...

Green Energy

Polish wind, solar builder Onde raises EUR 97 mln in IPO

Polish wind and solar contractor Onde listed on the Warsaw Stock Exchange on Monday after completing an initial public offering...

Green Energy

Lithuania’s INVL sets up renewable energy fund

INVL Asset Management, one of Lithuania's leading asset management companies, has established INVL Renewable Energy Fund I (REFI), which will...

Power

EIB lends EUR 120 mln to Romania’s Electrica Group to upgrade electricity distribution networks

The European Investment Bank formally agreed on a new EUR 120 million (some USD 141.7 million) loan with Distribuție Energie...

Energy Trade

Excelerate, Snam, Albgaz sign MoU on potential gas pipeline in Albania

U.S.-based liquefied natural gas (LNG) company Excelerate Energy said it has signed a Memorandum of Understanding (MoU) with Italian energy...

Energy Trade

Romania gets Russian gas at the lowest price in Europe in Q1

The price paid by Romania for the Russian natural gas in the first quarter of 2021 was the lowest in...

Green Energy

A1 Croatia investing in EU-backed energy project

A1 Croatia, a subsidiary of A1 Telekom Austria Group, said it is investing EUR 16.3 million (USD 2.6 million) in...

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...