Energy

Green Energy

Poland’s energy transition to cost EUR 355 bln by 2040

Poland's energy transition in the years 2021-2040 is likely to total PLN 1.6 trillion (EUR 355 billion), according to Poland's...

Green Energy

MET Group goes green in CEE markets

As part of the ongoing energy transition, Swiss-based MET Group shift its focus to the renewables growth strategy. Balázs Gábor...

Green Energy

Hungary becomes member of Powering Past Coal Alliance

Hungary became one of the 10 new members of the Powering Past Coal Alliance (PPCA) this month, according to a...

Energy Trade

INA buying 20% working interest in Egypt exploration license

Croatian oil and gas company INA said on Tuesday it is acquiring a 20% working interest in a new onshore...

Energy Trade

Ukrainian gas import from EU overshadows re-export in 2021

Ukrainian natural gas imports from the European Union were greater than volumes re-exported from storage in the first two months...

Energy Trade

Natural gas, electricity prices fall for Slovenian households in Q4

Average natural gas prices for household consumers in Slovenia decreased by 4% in the fourth quarter of 2020, while electricity...

Energy Trade

Ukraine gas stocks highest for this time of year in a decade

Ukraine's gas storage sites held 18 Bcm (billion cubic meters) of natural gas as of March 1, which is 13%...

Green Energy

Eesti Energia AS to buy owner of 20MW wind project

Estonian state-owned energy company Eesti Energia AS announced an agreement to buy domestic wind project developer Raunistal, which owns a...

Green Energy

Kosovo to host 150 MW solar park

Kosovo's grid operator KOSTT has revealed that a 150 MW (megawatt) solar park will be built soon, in the municipality...

Green Energy

PKN Orlen to buy 89.4-MW wind farm portfolio in Poland

Polish oil refiner PKN Orlen has struck a deal to acquire the owner of 89.4 MW (megawatt) of onshore wind...

Power

Paks nuclear power plant cuts output after malfunction

The output of the number 2 block of the Paks nuclear power plant was reduced by 50% from midnight on...

Green Energy

Giant solar project under development in Romania

The government of Arad County, western Romania, has started a public consultation on a large-scale solar project that is planned...

Green Energy

Bosnia’s Elektroprivreda HZHB to build 132-MW wind farm

Bosnian power utility Elektroprivreda HZHB plans to build a 132-MW (megawatt) wind farm near Rakitno, in the southern part of...

Green Energy

MOL accelerates pivot to low-carbon, sustainable business model

Hungarian oil and gas company MOL said it will increase its climate-friendly investments, aligned with the European Union's classification system...

Power

Electricity production in Czech Republic lowest in 18 yrs

Production of electricity in the Czech Republic in 2020 was the lowest in 18 years, the Energy Regulatory Office announced...

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...