The Hungarian energy company ALTEO Plc. has announced on the website of the Budapest Stock Exchange that as buyer, it has concluded a quota purchase agreement for the acquisition of the registered capital representing the entirety of the business interest in EDELYN SOLAR Ltd. (‘target company’) amounting to forints HUF 3,000,000 (three million) from individuals, […]
The aggregate production of solar power plants in Hungary exceeded 1,836 megawatts (MW) on Wednesday, 13 July, according to the Hungarian Independent Transmission Operator Co. Ltd. (Mavir). This means that large solar power plants accounted for almost 37% of total electricity consumption in Hungary. This is particularly important in the current energy emergency, as alternative […]
The share of solar power plants in total energy generation in Hungary was 11.1% last year, the highest in the 27 countries of the European Union, the Hungarian Energy and Public Utility Regulatory Authority (HEA) said in its electricity market report for 2021. The aggregate electricity consumption of the 27 member states increased by 4.3% […]
The energy crisis strengthens the need for security of supply, and pursuing decarbonization targets is a good way to increase energy independence. That is according to János Péter Horvát, the President of the Hungarian Energy and Public Utility Regulatory Authority (HEA). In a presentation at a joint online conference of the Hungarian Economic Society and […]
The Hungarian oil and gas company MOL builds one of the largest capacity green hydrogen plants in Europe in Százhalombatta, just south of Budapest. This investment of EUR 22 million allows MOL to produce 1,600 tons of green hydrogen annually with the help of renewable electricity and enables about 25,000 tons of CO₂ saving. MOL […]
More than three quarters of Hungarians believe that the country should produce its energy needs at home and not depend on other countries, especially Russian gas, according to a recent opinion poll commissioned by Greenpeace and conducted by the Policy Solutions Institute and ZRI Závech Research in the last week of March. Greenpeace therefore expects […]
Energy ministers of the Visegrad Group - the Czech Republic, Hungary, Poland and Slovakia - discussed the planning and establishment of a European hydrogen ecosystem at a meeting in Budapest on Tuesday. At the first V4 working meeting, the countries of the group shared their views on the creation and design of a European hydrogen […]
As a result of continuous negotiations between FGSZ Ltd., the the owner and operator of the Hungarian high-pressure natural gas pipeline system, and its Ukrainian partner, Gas TSO of Ukraine, the test period of Q1 2022 - according to which firm gas transmission capacities have been created in the HU>UA direction from January – has […]
Gross system load and annual gross electricity consumption peaked last year, and solar power generation also exceeded previous records, according to a summary published on the website of Mavir Hungarian Independent Transmission Operator Company Ltd. on Wednesday. According to the data, the record for electricity consumption in Hungary was broken on December 9 last year, […]
Hungary has reached an agreement with Ukraine to supply natural gas to its northeastern neighbor with guaranteed capacity from January 1 next year, Serhiy Makokhon, CEO of the Ukrainian Gas Transmission System (HTS) has announced. The Ukrainian side signed a cooperation agreement with the Hungarian gas transport company FGSZ on the guaranteed supply capacity. Under […]
Shell's goal in Hungary is to deliver more and cleaner and cleaner energy solutions together with its customers and society. To expand its domestic fuel portfolio, Shell Hungary Plc. has acquired an LNG filling station along the M0 motorway. This is planned to be the first such station in its national network of filling stations […]
Hungary's winter natural gas supply is secured, the more than five billion cubic meters of natural gas stored in gas storage facilities until 30 September will safely cover domestic demand, the Hungarian Energy and Public Utility Regulatory Authority (HEA) told the state news agency MTI on Wednesday. The Authority said that every year, they check […]
A solar farm was inaugurated on Tuesday in Öskü, Veszprém county, W Hungary. The ten-megawatt power plant will provide electricity for more than five thousand families. Attila Steiner, Minister of State for the Development of the Circular Economy, Energy and Climate Policy of the Ministry of Innovation and Technology, stressed at the inauguration ceremony that […]
Domestic electricity consumption has soared to record levels in the heatwave, and in the coming days the summer peak load on the Hungarian electricity system could be broken again, the financial website portfolio.hu reports. Looking at the summer of 2021, it was for the first time this Monday at noon that the national system load […]
The Hungarian Energy and Public Utility Regulatory Authority (HEA) has published its report summarizing the preliminary energy statistics of last year. According to the report, Hungary continues to rely heavily on imports, but solar power generation has increased significantly. As the report points out, a significant part of Hungary's primary domestic energy use was provided […]
