The Hungarian oil and gas company MOL Plc. entered into a sale and purchase agreement this Thursday to acquire Polsolar Ltd., holding five fully operational solar farms near Mezőcsát in Eastern Hungary, MOL said in a statement on the website of the Budapest Stock Exchange. The five solar farms have a combined capacity of 304 […]
Last month, the total installed capacity of solar power plants in Hungary exceeded 8,000 megawatts; the rise of green energy also contributed to the import ratio of electricity consumption remaining below 20% in the first half of this year, according to a social media post by the Ministry of Energy (EM) quoted by MTI on […]
More than 300,000 solar power plants, including industrial ones, are already in operation in Hungary, and by spring the household solar systems alone will reach this milestone, the Ministry of Energy announced on Monday. According to preliminary data from the Hungarian Energy and Public Utility Regulatory Authority (MAVIR), the total installed capacity of domestic solar […]
MET Group has inaugurated its second solar power plant in Hungary near Kaba in Hajdú-Bihar County, E Hungary, the company told MTI on Wednesday. The power plant, which operates with more than 33,000 solar panels, can cover the energy needs of almost 13,000 households. The 23.4 megawatt solar power plant was built using state-of-the-art technology […]
The Hungarian energy services firm Alteo put a solar park into operation near Tereske in Nógrád county (northeast of Budapest). With the facility built with its own investment and construction, the company's solar power plant capacity has doubled. The solar power plant will be able to produce 31 gigawatt hours (GWh) of electricity annually, which […]
In cooperation between BMW Group Factory Debrecen and E.ON Hungária Group, the leaders of the two companies signed a contract for the construction of a 50-hectare solar park on Wednesday at the factory's communication center. Hans-Peter Kemser, President and CEO of BMW Manufacturing Hungary Ltd. (pictured on the right), said at a press event held […]
Gábor Földvári, the CEO of Nap Plc., the stock exchange company that owns and operates solar power plants, discussed the potential role of wind power plants at a briefing on Wednesday. Electricity consumption has fallen significantly in the past year. The weather has been kind and everyone has started to save energy. However, savings measures […]
According to an international survey, Hungarians are more in favor of the transition to green energy, including solar power plants and wind farms, than the European average, and this is also true when it comes to renewable power plants near their homes/gardens, the financila newssite portfolio.hu reports. However, the answers to the question on the […]
Under an agreement signed this Wednesday, MVM Green Generation Ltd. will acquire the 63 MWp Tázlár solar power plant in S Hungary, according to a statement issued by the MVM Group. The transaction is expected to close in the first quarter of 2024. The announcement comes just after the publication in Thursday night's OFFICIAL Hungarian […]
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, […]
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 […]
Terrán Ltd. is further developing the Generon solar roof replacement in cooperation with the Budapest University of Technology and Economics, with a total project cost of HUF 827.772 million, the company told MTI on Tuesday. According to the statement, the project aims to further develop the Terrán solar modules integrated into roof tiles and to […]
The peak of solar panel electricity production has been broken, with domestic solar power plants producing nearly 2,000 megawatts more than ever before on February 10, the Ministry of Energy told MTI on Tuesday. Weather-dependent renewables accounted for more than a third of total domestic electricity consumption on the record-breaking day, the statement said. The […]
A solar park was inaugurated this Tuesday at the brickworks site of Hajdúsági Industrial Plc. (Hajdu) in Téglás, eastern Hungary, as part of a HUF 180 million investment in a HUF 1.6 billion development project, the state news agency MTI reports. For the project, the government provided a total of almost HUF 780 million in […]
