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renewable energy

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Further Growth in Renewable Energy Production

D&T
Jun 20, 2021

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 […]

Plans to Improve Financing the Renewable Energy Sector

D&T
Jan 24, 2021

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 […]

Vodafone Hungary Achieves Green Gigabit Net Target

D&T
Nov 25, 2020

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 […]

Alteo Doing Well Despite the Pandemic

D&T
Nov 16, 2020

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 […]

ALTEO Buys Wind Power Generation Firm

D&T
Aug 18, 2020

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 […]

Pannonia Bio: Successful Five Years

D&T
May 25, 2020

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 […]

The winners of the 'Drop the C' Hungarian final: Blanka Szabó and Dániel Szabó | Heineken Hungária

Heineken's 'Drop the C' Hungarian final

D&T
May 28, 2018

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.

Solar panels on the Margit Hospital in Budapest | Zoltán Balogh /MTI

Solar panels for a Budapest hospital

D&T
Jul 5, 2017

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.

New photo-voltaic plant in Pécs

New solar panel development in southern Hungary

D&T
Apr 28, 2016

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 and its team in Australia | College of Kecskemét

Hungarians do well in World Solar Challenge

D&T
Oct 22, 2015

'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.

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Stake in Vietnamese-Hungarian firm sold

D&T
Apr 4, 2012

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).

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Proposal to redraw the energy landscape

Alica Árvay
Jan 28, 2011

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.

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