Energy

Green Energy

Household feed-in tariff participation up 49% in 2020 

The number of Hungarian homes with solar panels participating in a feed-in tariff scheme rose 49% to 88,112 last year,...

Green Energy

Pannonia Bio plans EUR 200 mln green investment

Pannonia Bio, the largest biorefinery in Europe, operating a multi-product biorefinery in Hungary plans to make green investments of EUR...

Energy Trade

Poland reveals details of merger to create multi-energy giant

Poland's state treasury will increase its stake in fuel giant PKN Orlen from 27.52% to 50%, State Assets Minister Jacek...

Energy Trade

Serbia withholding natural gas from Hungary

The Serbian state natural gas system operator Szrbijagasz is not providing Hungary with non-discriminatory access to the Horgos natural gas...

Green Energy

Eurostat figures confirm rise of renewables during COVID-hit 2020

While solar, wind and hydro generated 80 TWh (terrawatt-hour) more electricity last year than in 2019, coal and oil use...

Green Energy

Polish PKN Orlen to build its 1st hydrogen refueling stations 

Oil refiner and petrol retailer PKN Orlen said it has commenced the process to select a contractor for its hydrogen...

Energy Trade

BSTDB to lend EUR 15 mln for Romania’s offshore gas development

The Black Sea Trade and Development Bank (BSTDB) has provided a EUR 15 million (USD 18 million) loan for the...

Energy Trade

Lithuania spends over EUR 4 mln to upgrade gas pipelines

Lithuania's gas transmission system operator (TSO) Amber Grid has signed an agreement with the Lithuanian Business Support Agency (LVPA) to...

Green Energy

China leads in renewable energy capacity at 895 GW

The world's total installed renewable energy amounted to almost 2,800 GW in 2020. China has an installed renewable energy capacity...

Energy Trade

Slovakia’s Bratislava port eyes LNG terminal

A liquefied natural gas (LNG) terminal, which will cost approx. EUR 40 million (USD 48.3 million), is being built in...

Green Energy

Croatia’s HEP launches Korlat wind farm

Croatian state-owned energy supplier Hrvatska Elektroprivreda (HEP) has put into operation Korlat wind farm worth HRK 500 million (USD 80.2...

Green Energy

Hungary calls another tender for feed-in tariffs

The Hungarian Energy and Public Utilities Regulatory Office (MEKH) on Friday announced its third tender for feed-in tariffs for energy...

Green Energy

Croatia to launch auctions for big wind, solar projects in fall, official says

Croatia's Ministry of Economy and Sustainable Development plans to hold auctions for large renewable energy projects, including wind farms and...

Green Energy

Changed regulations applicable to METÁR tender: new challenges for developers, investors

The regulation of Decree 62/2016. (XII. 28) of the Ministry of National Development applicable to renewable energy subsidy schemes has...

Energy Trade

Crude oil and copper to rise by over 10%: Goldman Sachs

Investment bank Goldman Sachs expects a 13.5% increase in commodity prices within six months, news wire PAP reports, according to...

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...