Energy

Energy Trade

Hungarian, Romanian gas interconnector capacity to Double

The capacity of an interconnector between the gas networks of Hungary and Romania will more than double from an annual...

Energy Trade

Ukraina’s Naftogaz announces MoU with Romanian OMV Petrom

State-owned UkrGasVydobuvannya, a subsidiary of Ukraine's Naftogaz dealing with natural gas production, announced that it signed a memorandum of understanding...

Power

INES lvl 1 incident reported at Paks spent fuel rod container

The Hungarian Atomic Energy Authority (OAH) on Wednesday said a level 1 incident on the International Nuclear and Radiological Event...

Green Energy

Poland caps offshore wind price at EUR 67.18/MWh

Poland's government will cap the price for new offshore wind power capacity at PLN 301.5/MWh (EUR 67.18/MWh), energy portal Montel...

Green Energy

Greentechnic Hungary inaugurates HUF 8 bln solar park

Greentechnic Hungary inaugurated a HUF 8 billion solar park in Nógrád County on Wednesday, according to a report by state...

Green Energy

Photon Energy ends 2020 with improved EBITDA

Photon Energy closed 2020 with revenues of EUR 28.258 million, down 6.3% year-on-year, according to a report by the Warsaw...

Green Energy

Fossil fuels account for 70% of available energy

Fossil fuels account for 70% of gross available energy in Hungary, just under the 71% average for the European Union...

Energy Trade

NovaWind gets building permit for 60-MW wind project in Russia

Russian wind energy developer VetroSGC-2 has secured a construction permit to launch the 60-MW (megawatt) Medvezhenskaya wind farm project in...

Energy Trade

Bulgartransgaz completes deal for participation in Greek LNG terminal project

Gastrade, the Greek company developing the floating liquefied natural gas (LNG) terminal off the city of Alexandroupolis, announced last week...

Energy Trade

Hungary Striving to Meet Climate Targets, Energy Security Thru Diversity

Hungary has made significant progress in diversifying its energy sources and is investing heavily in, and modernizing and expanding, its...

Green Energy

Bosnia’s ERS to invest EUR 770 mln in green energy over 3 years

The priority of Bosnian state-owned power utility Elektroprivreda Republike Srpske (ERS) is the construction of renewable energy power plants, as...

Energy Trade

Croatia’s Janaf extends oil storage deal with BP Oil International

Croatian state-owned oil pipeline operator Jadranski Naftovod (Janaf) said on Tuesday it has extended an oil storage deal with London-based...

Energy Trade

Hungary reaches deal with Russia on gas deliveries

Hungary has reached a political agreement with Russia on the continuation of gas deliveries after its long-term contract expires in...

Green Energy

MNB study envisages HUF 2.25 tln of investments into green energy

The National Energy Strategy of Hungary sets out that by 2030 the current approximately 3 GW of renewable energy capacity...

Energy Trade

Serbia plans to complete construction of gas link with Bulgaria by 2023

Serbia expects to complete the construction of the gas interconnection with Bulgaria by the beginning of 2023, Serbia's Energy Minister...

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...