The amount of electricity generated by solar panels in Hungary increased by 25.2% this June compared to the same period last year, the Hungarian Energy and Public Utility Regulatory Authority (MEKH) said on Thursday, based on its latest energy statistics report. They added that solar energy accounted for three quarters of the electricity generated from […]
Hungary and the Hungarian government are committed to achieving carbon neutrality. According to the National Energy and Climate Plan, the main areas of emphasis for doing that involve the development of renewable and nuclear capacities, as well as energy efficiency improvements. In terms of renewable energy development, Hungary's sole focus is on solar energy. According […]
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 […]
The National Bank of Hungary (MNB) has published a study and discussion paper focusing on the challenges and opportunities for the financing of the Hungarian renewable energy sector. According to a statement by the bank, MNB's newly introduced preferential capital requirements for green corporate financing may also help the development of this sector. The national […]
By no later than July 2021, Vodafone’s European network will be powered by 100% renewable electricity – creating a Green Gigabit Net for customers across 11 markets that will grow sustainably using only power from wind, solar or hydro sources. Vodafone Hungary was the first in the Vodafone Group to achieve this goal at the […]
Despite the pandemic,the Hungarian energy service provider firm ALTEO continued to grow, reaching sales of nearly HUF 5.5 billion in the 3rd quarter of 2020. A quarterly report by the company says that since a significant portion of the profitability of ALTEO’s activities is less vulnerable to changes in the economic cycle, the principal focus […]
Hungarian-owned energy service and trading company ALTEO Plc. has concluded a stock purchase agreement for the acquisition of Pannon Wind Power Generator Ltd. for HUF 1,153,000,000 from EIH Ltd. The execution of the stock purchase agreement is the first step in the transaction. The ownership of the business interest in Pannon Ltd. will be transferred […]
A study of the operation of the multi-product bio-refinery operator Pannonia Bio in the past five years shows that in 2019 alone, the company's activities contributed to Hungary's GDP by around EUR 712 million while supporting the maintenance of 2,580 jobs. The economic impact study prepared by the HÉTFA Research Institute also says that the […]
A holistic solution covering the whole production process has won the Hungarian final of the HEINEKEN's ‘Drop the C' competition for innovation aimed at growing its share of renewable thermal energy and electricity in production.
Through an energy renovation project of close to HUF 130 million (appr. EUR 420,000), the Margit Hospital in Budapest was fitted with solar panels. As a result, substantial part of the energy need of the institution will be received from renewable source.
Hungary's carbon-dioxide emission can be reduced by as much as 15,000 tons with the introduction of a new photo-voltaic plant that has been inaugurated near the southern Hungarian city of Pécs. It is an investment of HUF 4 billion (most of it EU funding).
'MegaLux', a solar-powered car developed at the College of Kecskemét in east-central Hungary, finished 7th in the World Solar Challenge competition of over 3,000 kilometers across the Australian desert from Darwin in the north to Adelaide in the south.
PHI Group, Inc., a company focused on energy and natural resources, announced that it has signed an agreement to acquire a 51% equity interest in Vietnam-Hungary Technological Application Joint Stock Company (VHC).
A proposal by the head of the parliamentary group of the governing Fidesz to cut state subsidies for renewable energy is being reviewed by the Ministry of National Development. The draft would alter agreements already negotiated by the Ministry.
