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MVM Group Acquires CMC Solar Power Plant

Dec 8, 2023

The state-owned energy group MVM is significantly expanding its portfolio of solar power plants, according to a transaction closed on December 7, when its renewable energy subsidiary MVM Green Generation Ltd. acquires the 100 MWe solar power plant in Kaposvár, Hungary, one of the largest photovoltaic power plants in Hungary, built and owned by CMC, […]

OMV Sets Up Two Ultra-Fast Chargers in Hungary

Dec 2, 2023

The Austrian multinational integrated oil, gas and petrochemical company OMV has installed new electric chargers – one on the Buda side of the Hungarian capital and one in the northwestern part of the city of Szeged in SE Hungary. The devices are ultra-fast chargers with a total capacity of 250 kilowatts (kW), with two charging […]

Alteo Commissions More Electric Boilers

Nov 17, 2023

After the electric heating boiler installed at its Sopron power plant, Alteo, an energy service and trading company, has integrated two more devices into its control centre, which allow the conversion of electricity produced from renewable energy sources into heat; the hot water produced by the boilers installed at the heating power plants in Kazincbarcika […]

Green Energy Storage Scheme for Firms to Start in January

Nov 9, 2023

A HUF 62 billion tender for the construction of industrial electricity storage facilities will be launched from January, with non-refundable subsidies and revenue compensation, Gábor Czepek, the Minister of State for Public Administration of the Ministry of Energy (EM) announced on Thursday at the Energy Forum series in Komárom, NW of Budapest. He said the […]

E.ON Hungária Solar Farm for an Automotive Supplier

Oct 28, 2023

E.ON Hungária has installed a solar park for the Belgian automotive glass manufacturer AGC in Tatabánya-Környe Industrial Park, E.ON Hungária told MTI. The investment was made under a long-term power purchase agreement (PPA) with E.ON. It is the first agreement in Hungary under which an energy company has installed a solar power plant on the […]

Hungarians Use Less Electricity and Gas Than Last Year

Oct 21, 2023

Domestic gas consumption fell by 15.7% in the first three quarters of 2023 compared to the same period last year. From January to September, 1.07 billion cubic metres less natural gas was consumed, with the economy and households accounting for roughly two-thirds to one-third of the savings. The reduction in electricity was 7% in the […]

E.ON to Build Solar Park Next to Bosch Factory

Oct 16, 2023

Under a recently signed contract, the electricity company E.ON will build a 4.6 MW small-scale solar power plant next to Bosch's factory in Hatvan, east of Budapest, strengthening both companies' commitment to sustainability. Robert Bosch Elektronika Ltd. of Hatvan and E.ON have signed a Memorandum of Understanding under which the E.ON Hungária Group will build […]

Record Expansion of Domestic Solar PV System This Year

Oct 13, 2023

Total domestic solar capacity topped 5,400 megawatts by the beginning of October, according to latest data summary by MAVIR Hungarian Transmission Operator Co., with the first three quarters adding 1,389 megawatts, more than 300 megawatts more than the gain in twelve months of last year's record year, the Energy Ministry (EM) said on Friday. The […]

New Solar Power Plant to Be Built in Kecskemét

Sep 27, 2023

MVM Green Generation Ltd., a member company of the MVM Group active in renewable energy production, will build a new solar power plant in Kecskemét by the end of the year with a total investment of nearly HUF 10 billion, it was announced in Kecskemét on Wednesday. László Gál, CEO of MVM Green Generation Ltd., […]

E.ON Inaugurates New Transformer Station in Budapest

Aug 24, 2023

The E.ON Hungária Group handed over a renovated transformer station in Budapest's 11th district on Thursday, the HUF 3.4 billion investment will ensure the electricity supply of almost 29,000 residential customers. In its statement, E.ON Hungária recalled that the group announced in January this year that it would launch a multi-year network development program worth […]

Record Electricity Consumption in Hungary

Aug 22, 2023

The load on the Hungarian electricity system rose to its highest level so far this summer on Monday as cooling demand surged due to the heatwave, the financial portal reported. The system load, which indicates the instantaneous national electricity consumption, peaked at 6,264 MW around 20:30 on Monday the 21st, according to verified gross […]

Ultra-Fast Charging Stations by OMV Petrom in Hungary

Jul 27, 2023

OMV Petrom, the largest integrated energy company in South-East Europe, has announced a project that will connect the region with a network of ultra-fast charging stations for electric cars along the Trans-European Transport Network (TEN-T), the company said in a statement. The project, which has received approval for a European funding contract with the European […]

Electricity Consumption Spikes Due to Heat

Jul 16, 2023

Domestic electricity consumption rose this week to the highest level of the summer as a result of the heatwave, but the current levels are significantly lower than in previous years, the financial news website reports. The peak could be broken again in the first half of next week with the arrival of another heatwave. […]

New Eurelectric Presidency Presents its Vision

Jun 19, 2023

E.ON CEO Leonhard Birnbaum has taken the reins of Eurelectric, the trade body representing the European electricity industry in Brussels. Joined by Vice Presidents Markus Rauramo (CEO of Fortum) and Georgios Stassis (CEO of PPC), the new Presidency makes a strong call to put in place the necessary enablers for a radical ramp up of […]

Electricity Consumption Lower and Lower in Hungary

Jun 17, 2023

Electricity consumption in Hungary continued to fall in May, continuing a negative trend for almost a year. For the first time, the monthly production of domestic solar parks was already higher than that of natural gas-fired power plants, reports. In the last month of spring this year, total gross monthly consumption of the domestic […]

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