Since its foundation in late 2017, Napelem Szerelő Kft. [Solar Panel Installer Ltd.] of Szeged in SE Hungary has been helping to supply the Hungarian market with green energy with a steadily increasing performance, managing numerous subcontractors. The company, as Managing Director Rudolf Mészáros tells Diplomacy&Trade, is now expanding to Austria, where it will continue […]
The execution of the first green power purchase agreement on the Hungarian market, under which Nap Plc. will provide a part of the electricity needs of a production company in the long term, has started, the CEO of Nap Plc., Gábor Földvári, said at a press conference on Thursday. The so-called Power Purchase Agreement (PPA) […]
The Oroszlány Power Plant, northwest of Budapest, will join the national electricity supply companies as a biomass-based power plant in the first half of 2024, the Veolia Group, which is restarting the plant that closed seven years ago, told MTI on Tuesday. According to the company, the Oroszlány power plant will be their fifth modernization […]
Hungarian industrial solar power generation reached a new historic record on February 21, with 2,030.5 megawatts (MW) of energy produced by industrial-scale solar power plants at the midday peak, breaking the previous record of 1,953 MW set on February 10, the Hungarian Independent Transmission Operator Co. Ltd. (MAVIR) said on its website. According to the […]
Energy services provider and trader Alteo Group achieved a net profit of HUF 12.9 billion in 2022, an increase of 120% compared to 2021, the company said on Friday. Alteo has been successful despite the challenges in the energy market, turning difficulties to its advantage with a strategy based on sustainability and renewable energy, the […]
The peak of solar panel electricity production has been broken, with domestic solar power plants producing nearly 2,000 megawatts more than ever before on February 10, the Ministry of Energy told MTI on Tuesday. Weather-dependent renewables accounted for more than a third of total domestic electricity consumption on the record-breaking day, the statement said. The […]
Hungary’s economic competitiveness to a very large extent hinges on the government’s ability to ensure energy security for the country, according to the German Chamber of Commerce. In addition to energy costs, the security of supply is also for crucial businesses operating in Hungary. German foreign direct investment is a key engine of Hungary’s economy. […]
The E.ON Hungária Group is launching a HUF 74 billion network development project, half of which will be financed from its own resources and the other half from the EU's Recovery and Resilience Facility (RRF) program, pre-financed by the Hungarian government, the Group announced at a press conference in Budapest on Thursday. The Group's Deputy […]
Unit 3 of the Paks nuclear power plant, located in central Hungary, will be operating at its nominal capacity again from Friday morning, the plant announced on its website. Communications director Antal Kovács said the unit's output was reduced to 50% on Thursday due to a fault in the generator protection's current transformer. The device […]
Up to 40 tons of pine trees discarded after the Christmas holidays may be burned in the coming period at the thermal power plant (in Pécs, southern Hungary), which operates with two biomass-fired units, the owner Veolia Energia Magyarország Plc. has announced. The statement sent to MTI said that the Pécs thermal power plant, which […]
Hungarian citizens and companies have started to save a lot of energy. In December 2022, for example, Hungary consumed almost 24% less natural gas than a year earlier. And the weather is also helping. Around a quarter less gas was used in Hungary in December than a year earlier, according to the Ministry of Energy. […]
The Hungarian oil and gas company MOL Plc. has notified market players on the website of the Budapest Stock Exchange that it is gradually restarting production at its Danube refinery. MOL initiated a planned shutdown of the Danube refinery in the first half of October 2022. During the restart, it was realized that further maintenance […]
Allied Energy Corp, an oil and gas company focused on the leasing and reworking of oil and gas reserves in one of the most prolific hydrocarbon areas in the United States, has announced the signing of an MOU with Budapest-based Enerhash USA LLC and River Energy Group LLC. The companies will work together on the […]
Veolia Group member CHP-Invest Kft. and Újpalotai Energia Ltd. have signed a HUF 10 billion contract with Finnish company Valmet to renovate the boilers of the Vértes Power Plant, in Oroszlány, W Hungary, the company developing the power plant, Veolia, told the state news agency MTI. According to the company, the modernization of the boilers […]
Traditional oil and gas production will remain Mol's main profile in Algyő, SE Hungary, for a long time to come, but the company is exploring the possibility of installing renewable energy sources, László Kardos, head of the company's Algyő production region, told reporters on site. A ten-year forecast has been prepared. It is reviewed every […]
