Energy

Power

Paks reactor back online after trip

The Paks nuclear power plantʼs reactor number four went back online early Saturday after a technical malfunction on Thursday caused...

Green Energy

Kosovo preps 50 MW solar tender

The International Finance Corporation, the private finance arm of the World Bank, is advising the government of Kosovo on the...

Green Energy

EU to help curb pollution from Kosovo power plant

The Kosovo Energy Corporation (KEK) has announced that it will receive a EUR 76 million grant from the European Union’s...

Green Energy

Green Premiums in Action: 1st Tender for Renewable Energy Subsidy Launched

Many renewable energy investors have waited more than two years to see how green premium tenders would work in Hungary....

Energy Trade

Serinus Energy granted extension of Satu Mare exploration

Channel Islands-based oil and gas exploration company Serinus Energy said on Thursday it will start drilling the Moftinu-1004 gas well...

Energy Trade

Hungary could buy LNG from Qatar from 2021

Hungary could start taking deliveries of liquefied natural gas (LNG) from Qatar from 2021, Minister of Foreign Affairs and Trade...

Energy Trade

Bulgaria’s Overgas to invest EUR 40 mln in new gas pipelines in 2020-2024

Bulgarian gas supplier Overgas said on Monday that it is planning to invest over BGN 79 million (EUR 40.4 million)...

Green Energy

ReneSola to sell solar portfolio in Hungary

Chinese solar project developer ReneSola Ltd. has agreed to sell a portfolio of small-scale projects located in Hungary to Danish-registered...

Energy Trade

Romania’s OMV Petrom reports new gas discovery

Romania’s top oil and gas group OMV Petrom has said it has discovered new hydrocarbon resources in Gorj County, in...

Energy Trade

FGSZ investment enables reverse gas flow from Romania

Hungarian gas transmission system operator FGSZ Földgázszállító, a unit of MOL, inaugurated a HUF 6 billion compressor station necessary for...

Green Energy

Energy Imports Likely to Remain Part of Hungary’s Future

The Budapest Business Journal talks to the researcher behind a major new study into the future of Hungary’s energy markets....

Energy Trade

Szijjártó meets Gazprom, Rosatom execs in Moscow

Minister of Foreign Affairs and Trade Péter Szijjártó held talks with Gazprom Deputy Chairwoman Elena Burmistrova and Rosatom CEO Alexey...

Green Energy

Unisun Energy gets loan for 6.76 MW of Hungarian PV

The Hungarian unit of Shanghai-based Unisun Energy Group has obtained a non-recourse loan from local lender Gránit Bank Zrt. for...

Energy Trade

IEA economist outlines challenges and opportunities of LNG

László Varró, chief economist of the International Energy Agency (IEA), will be one of the speakers at the Budapest LNG...

Energy Trade

Ságvári: energy diplomacy aims to ensure ‘soft landing’

The Budapest Business Journal conducted an exclusive interview with Pál Ságvári, Ambassador-at-Large for Energy Security at the Ministry of Foreign...

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...