Hungary's solar energy production soared to unprecedented level setting a new national record and underscoring the country's accelerating transition toward renewable energy sources.
Photon Energy has expanded its solar portfolio in Hungary by commissioning three new solar parks operating under a merchant model.
Photon Energy N.V. has signed a contract with Greenvolt Power and part of Greenvolt Group, to provide asset management for the Client's Királyegyháza solar PV power plant.
Photon Energy N.V. announced that its Hungarian subsidiary Photon Energy Operations HU Kft has signed an asset management agreement for two PV power plants.
Hungary has risen to the top of Europe's solar energy leaderboard, surpassing Greece, with solar power now contributing an impressive 25% of the country's domestic electricity generation in 2024.
Axpo has signed its first electricity purchase agreements in Hungary. Together the deals cover approximately 60 megawatts (MW) of green energy under pay-as-produced power purchase agreements (PPAs).
MOL has expanded its renewable energy capabilities by acquiring Naperőmű Farm, a company behind the development of a 66 MW solar power plant in Ballószög, Hungary.
The Ministry of Energy has announced a significant expansion in Hungary's solar power capacity.
CATL announced that its battery plant in Debrecen, Hungary, will begin production in 2025 as scheduled.
Photon Energy's Hungarian subsidiary has completed and commissioned a 658 kW solar power plant for Clarion Hungary, a subsidiary of Forvia.
MET Group inaugurated its second solar power plant in the Eastern Hungarian town of Kaba.
Greenhouse gas emissions in Hungary's energy sector are on a downward trend as the share of electricity generated by fossil fuels drops and that of renewables and nuclear power grows.
OMV will start building a network of 28 ultra-fast electric car charging stations on the country's high-traffic routes by the end of the year.
CATL aims to build a comprehensive battery production value chain that meets sustainability criteria in all respects.
Gebrüder Weiss is doubling its electric road fleet.
Munch has prevented over 1 million packages of food from going to waste since its establishment in 2020, Munch Europe Szolgáltató told MTI.
Wing has published its second ESG report, providing information about its environmental, social, and governance efforts, as well as its goals, the measures it has taken and the results it has achieved in 2022. The report has been prepared in accordance with the company's first comprehensive ESG strategy, which will be finalised soon.
LG Magna e-Powertrain, a joint venture between LG Electronics and Magna formed in 2021, announced that it is expanding its footprint with a new facility in Miskolc, Hungary, according to the Budapest Business Journal.
The European Commission has approved a €2.36 billion (approximately HUF 880 billion) Hungarian scheme for accelerated investments in strategic sectors to foster the transition towards a net-zero economy.
OMV Petrom contributes to the development of the regional network of ultra-fast recharging for electric cars as part of a project that aims to install more than 400 points along the Trans-European Transport Network (TEN-T).
Romania is increasingly positioning itself as a promising destination for green investments, with several sectors showing strong potential.
Europe's energy landscape stands at a transformative crossroads, as hybrid solar technology emerges as a powerful solution, capable of significantly enhancing the efficiency, reliability, and affordability of renewable energy systems.
R.Power Group, one of Europe's leading renewable energy companies, has secured a €12.4 million project finance agreement with Bank Gospodarstwa Krajowego (the Polish National Development Bank).
Centrul Agro Transilvania S.A., a public company overseen by the Cluj County Council, has launched construction of a photovoltaic park within the market complex.
The project for new renewable energy production capacities, submitted by the Hunedoara County Council and the Petrila City Hall, has been approved for funding by the Ministry of Energy.
