Alteo will add 8 MW/15 MWh of battery storage, and a 6 MW gas engine in Győr, as well as a 3 MW gas engine in Sopron, in the west of Hungary.
The investments, which will support the expansion of weather-dependent renewable energy resources, will go online in H1 2024.
Hungarian oil and gas company MOL partnered with two local private equity funds to acquire a controlling stake in Alteo in a buyout offer in the spring.
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