Energy

Energy Trade

Spain’s Audax to acquire E.ON’s power retailer in Hungary

Spanish renewable energy and gas supplier Audax Renovables SA says it had signed an agreement to fully acquire Hungarian power...

Green Energy

Mátrai Erőmű plans gas-fueled block, solar parks

Mátrai Erőmű, the second-biggest generator of electricity in Hungary, plans to add a 500 MW gas-fueled combined-cycle block at its...

Green Energy

Polish Energa launches wind farm in Western Poland

Polish energy company Energa, part of the Orlen Group, launched the 31-MW (megawatt) Przykona wind farm on July 7, according...

Green Energy

1st nuclear reactor in Poland to be ready in 2033, official says

Minister Responsible for Energy Infrastructure Piotr Naimski has told private radio RMF FM that Poland will build nuclear power plants...

Energy Trade

MVM unit to get Krk LNG only from W European market players

MFGK Croatia, the Croatian unit of the state-owned Hungarian Electricity Works (MVM), will get liquefied natural gas (LNG) from the...

Energy Trade

Bulgargaz to rebate EUR 103 mln to consumers due to cheaper gas

State-owned gas company Bulgargaz will refund BGN 201 million (over EUR 103 mln) to its clients, reports the Bulgarian News...

Energy Trade

MFGK books LNG regasification capacity at Krk terminal

MFGK Croatia, a unit of the state-owned Hungarian Electricity Works (MVM), has booked long-term liquefied natural gas (LNG) regasification capacity...

Green Energy

Photon Energy begins construction of 10 PV plants in Püspökladány

Photon Energy has commenced construction on 10 photovoltaic power plants for its own PV portfolio with a total capacity of...

Energy Trade

Gas deliveries via Serbia set to start from Oct 2021

Hungary could start taking deliveries of gas via Serbia from October 2021, Minister of Foreign Affairs and Trade Péter Szijjártó...

Energy Trade

Romania’s Romgaz to invest EUR 3.2 bln by 2026

Romania’s state-controlled gas company, Romgaz, plans investments worth RON 15.7 billion (USD 3.55 bln) by 2025, according to the company’s...

Green Energy

Photon Energyʼs Hungarian portfolio reaches 35 MWp

Photon Energy Solutions HU Kft., Photon Energy N.V.ʼs subsidiary dedicated to engineering, procurement and construction (EPC) services, has completed and...

Energy Trade

Naftogaz: No need for European gas imports now

Ukraineʼs state-owned Naftogaz Ukrayiny does not see the need to import gas from Europe in the coming months given the...

Green Energy

Austria’s last coal power plant shuts down

Austriaʼs largest power provider, Verbund, has closed the Mellach district heating plant in the Austrian state of Styria. The shutdown...

Green Energy

Vestas scores 68-MW Polish hat-trick

Danish company Vestas said it has won a 68-megawatt (MW) turbine order for three wind projects in Poland that were...

Energy Trade

Gas demand growth in Europe nearly erased as COVID-19 sends continent into lockdown

European gas demand in 2020 is likely to drop by 0.7% compared to the pre-coronavirus forecast, according to Rystad Energy’s...

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...