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Energy industry

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Hungary seeks domestic ownership in key sectors, may levy special taxes

D&T
May 20, 2022

Hungary’s incoming government faces some of the biggest economic challenges of the last decade as rampant energy prices may force it to abandon state-imposed price caps, while global disruptions are denting prospects for growth. The new Orbán government may again deploy unorthodox economic measures to guard fiscal stability and prop up the economic outlook. Prime […]

Hungary Upholds Refusal of Russian Oil Ban amid Growing EU

D&T
May 13, 2022

Hungary is opposing the European Union’s proposal for a gradual ban on Russian oil imports, with Budapest claiming the plan would be equivalent to dropping an A-bomb on the country’s economy. Meanwhile, tensions are on the rise within the bloc as a handful of dissenting member states are holding up action on a new package […]

Europe’s Future beyond the Energy Crisis

D&T
May 6, 2022

The war in Ukraine has brought to the forefront one of Europe’s most pressing vulnerabilities: its reliance on Russian energy. Although European leaders have shown great resolve in their initial response to the war in Ukraine, the solution of weaning the continent off Russian energy dependence is not immediately clear or painless. A similarly pressing […]

PannErgy Sells Utility Distribution System in Debrecen

D&T
Apr 6, 2022

According to the sale and purchase agreement, the sale price for all shares representing the stake is HUF 90 million. The name of the buyer was not disclosed. TT-Geotermia, 100% owned by PannErgy Plc., owns some, mostly rather obsolete, equipment and facilities that provide conventional utility distribution to PannErgy’s properties held for utilization and sale […]

Better-Than-Expected First Half Results at PannErgy

D&T
Sep 5, 2021

PannErgy Group reports that it has exceeded its plans and base period figures both in terms of the amount of heat sold, and EBITDA with optimum operations. In the business year of 2021, the PannErgy Group continued the implementation of its previously announced strategy on utilizing geothermal energy resources. In this context, the Company managed […]

LINDE Presents the Fuel of the Future

D&T
Apr 30, 2021

LINDE GÁZ Magyarország Zrt. has announced that it has taken the lead in hydrogen mobility by being the first company in Hungary to install a hydrogen filling station. LINDE inaugurated the country's first hydrogen filling station on April 29, 2021 at the company's Budapest site. The ceremony was attended by Dr. László Palkovics, Minister of […]

German Firm's Subsidiaries in Hungarian State Ownership

D&T
Oct 28, 2020

State-owned Hungarian energy group MVM has acquired the Hungarian and two Chinese subsidiaries of the German energy company Enexio. With the change of ownership, MVM also received a world-famous Hungarian patent, the Heller-Forgó's refrigeration system, which made Enexio an important player in the energy market. According to the sales director of Enexio Hungary Zrt., Balázs […]

| Depositphotos.com

Solar park investors day

D&T
Feb 7, 2019

A professional day for solar park investors is organized this February in Budapest. The event sets the goal of helping solar investors to navigate the Hungarian solar market and to highlight which areas of the solar power plant deserve special attention.

E.ON connects own solar parks to national grid

D&T
Aug 29, 2018

Utility services provider E.ON Hungária Co. Ltd. has announced that it has connected to the grid its own solar plants in Hungary: the seven 500-kW units built in Szigetvár and the 500 kW solar park constructed in Mohács, both in the southern part of the country.

| mvm.hu

MVM to build Hungary's largest solar power plant

D&T
Mar 6, 2018

The town of Felsõzsolca in northeastern Hungary has accepted the proposal of state-owned Hungarian Electricity Works (MVM), which envisages the construction of the largest solar power plant in the country, with installed capacity of 20 MW.

GE Veresegyház plant | General Electric

GE doubles the value of its procurement in CEE

D&T
Oct 5, 2017

General Electric aims to double the volume of the products and services bought from Central-Eastern European SMEs, including Hungarian enterprises. The firm has approximately 6.000 suppliers in the region and its procurement value exceeds USD 1.7 billion.

Coal power station to set up solar panel farm

D&T
Aug 21, 2017

Mártrai Erõmû, the second largest power plant in Hungary, will implement the country's largest solar farm with a capacity of 3×20 MegaWatts, according to the Hungarian political daily Népszava. Two of the three units will be completed in 2018.

ALTEO’s wind power plant in the outskirts of Jánossomorja | source: ALTEO

New ALTEO projects in the pipeline

D&T
Aug 3, 2017

The Hungarian energy services firm ALTEO could launch new projects in a total value of close to HUF ten billion (some EUR 32 million): three power plants utilizing a total of 18.1 MW of solar power, and a 2 MW wind power plant.

President and CEO of Siemens Co. Ltd. Dale A. Martin speaking at the ceremony | Zoltán Máthé/MTI

New Siemens turbine blade plant expansion

D&T
Jun 21, 2017

Siemens expanding its gas and steam turbine blade plant at its Power and Gas plant facility in Budapest with an investment of EUR 32.5 million (some HUF 10 billion). The expansion is planned to create 150 new jobs for technicians.

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