Energy

Energy Trade

Polish PGNiG and Norwegian Aker BP expand cooperation

Polish energy company PGNiG has revealed that its international trading arm, PGNiG Supply & Trading GmbH (PST) and Norwegian oil...

Green Energy

MET Kabai Solar Park starts commercial production

MET Group’s new solar power plant, with an installed capacity of 43 MW, has started commercial operation in the Hungarian...

Green Energy

Swiss-based MET Group acquires 42-MW wind park in Bulgaria

Switzerland-headquartered energy company MET Group said on Wednesday it acquired a 42-MW wind park in Bulgaria, near the town of...

Green Energy

ALTEO closes acquisition of 15 MW wind farm

Listed alternative energy company ALTEO on Thursday said it closed the acquisition of 100% of Pannon Szélerőmű, which has a...

Energy Trade

Eesti Energia to establish separate free market network services company

On Jan. 1, 2021, a new service company Enefit Connect will start operating, as part of the Eesti Energia Group,...

Green Energy

Poland launches key grid line for offshore wind expansion

Polish TSO PSE has launched a 440 kW line in northern Poland, essential for connecting 10 GW of offshore wind...

Power

TVEL completes development of modified fuel for Paks plant

TVEL, the nuclear fuel unit of Russiaʼs Rosatom, on Tuesday said it completed the development of modified fuel for Hungaryʼs...

Green Energy

Nuclear Still Dominant as Renewables Gain Further Ground in Hungaryʼs Energy Mix

While renewable energy sources produce an increasing ratio of Hungary’s energy mix, and the country is set to go significantly...

Green Energy

Photon Energy connects first 2 of 10 PV plants in Püspökladány to grid

Photon Energy N.V. announced that Photon Energy Solutions HU Kft., the groupʼs Hungarian subsidiary dedicated to engineering, procurement, and construction...

Green Energy

Poland readying legislation to encourage offshore wind farms, official says

Zbigniew Gryglas, deputy minister for state assets, told a business conference in Lublin, eastern Poland, that proposed new regulations to...

Energy Trade

Hungarian storage facilities hold 6.49 bln cubic meters of gas

Based on data gathered between September 21 and 27, storage facilities in Hungary hold a combined 6.49 billion cubic meters...

Green Energy

MVM: Growing the Group, Building the Brand

György Kóbor, the chairman and CEO of the MVM Group, talks exclusively to the Budapest Business Journal about building growth...

Energy Trade

MOL plans eurobond issue

Hungarian oil and gas company MOL on Tuesday announced plans to issue a eurobond, according to a report by state...

Energy Trade

Romania is one step closer to link Black Sea fields to shore

Romania took an important step to starting the exploitation of its first gas deposit offshore as Romania-based oil and gas...

Green Energy

Poland’s PKN Orlen to start making hydrogen fuel, CEO says

Poland’s largest refiner PKN Orlen is preparing to start producing hydrogen fuel, its chief executive has announced. Daniel Obajtek said...

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...