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• Region

  Slovenia to cancel hydroelectric plants along Mura

  

  Sloveniaʼs Minister of the Environment Jure Leben has announced a decree that will cancel the construction of eight previously planned hydroelectric power plants along the river Mura, in order to protect the river, the Budapest Business Journal has learned. 

   Mon, Feb. 18, 2019, 11:00

  • Slovenia
  • Austria
  • Hungary
  • Mura
  • river
  • environment
  • protection
  • energy
  • hydroelectric
• Business

  Hell Energy completes HUF 30 bln capacity expansion

  

  Soft drink maker Hell Energy finished the final phase of a HUF 30 billion investment project at its base in Szikszó (NE Hungary) on Tuesday. Hell inaugurated a fully automated warehouse as the last part of the three-year project, state news agency MTI reported.

   Tue, Feb. 12, 2019, 16:30

  • Hell
  • energy drink
  • expansion
  • capacity
  • warehouse
• Energy/environment

  Hungary needs 4,000 MW of new power capacity in 15 years

  

  MAVIR, the Hungarian transmission system operator (TSO), estimates that at least 4,000 MW of new power plant capacity will need to be built in the coming 15 years, state news wire MTI reported.

   Mon, Feb. 11, 2019, 13:55

  • Hungary
  • energy
  • power
  • capacity
  • MAVIR
  • TSO
• Energy/environment

  Energy sector has less than 5 years to transform - PwC

  

  Less than five years are available for the energy sector to prepare for market changes generated by technological development and consumer trends, according to a global energy survey by Big Four professional services firm PwC. 

   Fri, Feb. 8, 2019, 11:10

  • PwC
  • energy
  • tech
  • transformation
  • development
  • trend
  • consumer
• Energy/environment

  ReneSola secures financing for projects in Hungary, Poland

  

  China-based solar project developer ReneSola Ltd. has announced it has closed a bridge finance deal with the Eiffel Energy Transition Fund for 96.3 megawatts (MW) of solar projects to be located in Hungary and Poland, according to a PR Newswire report. 

   Tue, Feb. 5, 2019, 10:30

  • ReneSola
  • PV
  • solar
  • energy
  • Hungary
  • Poland
  • China
• Region

  MET Group gets EUR 885 mln revolving credit facility

  

  MET Group, an integrated European energy company based in Switzerland, but with roots in Hungary, closed a transaction for EUR 885 million in revolving credit facilities from 15 banks on Tuesday, state news wire MTI reported.

   Tue, Jan. 29, 2019, 13:15

  • MET Group
  • revolving credit
  • Switzerland
  • energy
  • integrated
• Energy/environment

  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 to the south of Debrecen, eastern Hungary, after a successful transaction in which Deloitte Legal advised the German firm, according to a press release sent to the Budapest Business Journal. 

   Tue, Jan. 29, 2019, 09:18

  • Deloitte
  • ABO Wind
  • energy
  • solar
  • project
  • renewable
  • Debrecen
• Business

  Hell Energy starts entering Indian market

  

  Hungarian soft drink maker Hell Energy is entering the Indian market, state news agency MTI said, citing a report by Indian newspaper The Hindu Business Line on Thursday.

   Fri, Jan. 25, 2019, 13:15

  • Hell
  • energy drink
  • India
  • market
  • distribution
• Energy/environment

  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 for its 11.5 MWp proprietary PV power plant portfolio in Hungary, according to a press release sent to the Budapest Business Journal. 

   Mon, Jan. 21, 2019, 10:30

  • Photon Energy
  • PV
  • power
  • solar
  • energy
• Economy

  Hungary in top 3 of EU list of petrol-driven cars

  

  According to a report by the European Commissionʼs statistical agency Eurostat, about 70% of cars in Hungary ran on petrol in 2016, which is the third highest ratio among EU members.

   Thu, Jan. 10, 2019, 10:40

  • Hungary
  • EU
  • petrol
  • transport
  • energy
  • Eurostat