Energy

Green Energy

Deloitte advises ABO Wind on Hungarian project

ABO Wind AG, a major professional player in the renewable energy market, is launching a 5.2 MW solar power plant...

Green Energy

Photon Energy secures financing for 11.5 MWp in Hungary

Global solar power solutions and services company, Photon Energy, announced that it has closed a long-term non-recourse project financing agreement...

Energy Trade

Hungary gas reserves at 2.7 bln cubic meters

Hungarian gas storage facilities held 2.7 bln cubic meters of gas reserves at January 15, Hungarian Energy and Public Utility...

Green Energy

Hungary becomes Photon’s second largest O&M market

Photon Energy Operations HU Kft., the Hungarian Operations and Maintenance (O&M) subsidiary of Photon Energy N.V., today announced its signing...

Green Energy

Veolia enters virtual power plant market in Hungary

Energy company Veolia Hungary has announced the creation of its own virtual power plant (VPP) portfolio, with the acquisition of...

Green Energy

GCL-SI, Solarpro build one of largest solar projects in Hungary

Solar project solution provider GCL System Integration Technology Co., Ltd. (GCL-SI) and photovoltaic (PV) sector player Solarpro Holding AD have...

Green Energy

Solar Surging Ahead, but Still Overshadowed by Other Renewables

Solar power generation has been growing rapidly in Hungary, driven mostly by solar projects developed under the previous feed-in tariff...

Green Energy

Wärtsilä delivers engine-plus-storage hybrid solution

Finnish technology group Wärtsilä has delivered its first engine-plus-storage hybrid installation worldwide and its first Engineering, Procurement and Construction (EPC)...

Energy Trade

Hungary could start buying Croatian gas by end of 2019

The establishment of an interconnector with reverse-flow capability could allow Hungary to buy gas from Croatia by the end of...

Green Energy

Competition Office clears Opus acquisition of Mátrai Erőmű

Listed holding company Opus Global on Tuesday said Hungaryʼs Competition Office (GVH) has cleared its acquisition of a majority stake...

Energy Trade

MOL inaugurates gas processing plant in Pakistan

Hungarian oil and gas company MOL on Tuesday said its Pakistani unit inaugurated a USD 15 million gas processing plant...

Green Energy

Opus-EPH acquisition of Mátrai Erőmű completed

Mátra Energy Holding announced on Wednesday that it has acquired a majority of 72.66% of shares in power plant Mátrai...

Green Energy

MVM, MOL announce big solar power investments

The state-owned Hungarian Electricity Works (MVM) on Wednesday laid the cornerstone of a HUF 9 billion solar farm at Felsőzsolca...

Green Energy

EC approves acquisition of Mátrai power plant

The European Commission (EC) on Monday approved the acquisition of Hungarian power plant company Mátrai Erőmű by Energetický a průmyslový...

Green Energy

Hungarian, Serbian power exchanges to merge

The Hungarian Power Exchange (HUPX), Hungaryʼs transmission system operator Mavir, Serbiaʼs power exchange, its transmission system operator, and the Paris-headquartered...

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...