Austrian energy group OMV and Hungary-based low-cost airline Wizz Air have signed a Memorandum of Understanding (MoU) for the supply of approximately 185,000 tonnes of Sustainable Aviation Fuel (SAF) for the period 2023 to 2030.
The European Commission approved the acquisition of Lotos by Polish PKN Orlen in the summer, and the news also had Hungarian implications, as PKN had to sell assets in order to acquire its sector partner, some of which were to be obtained bz Hungarian energy group Mol. The latest news is that this transaction has been completed, with Mol buying Lotos Paliwa, which operates 80% of the petrol stations owned by the Lotos oil company, for a total of USD 610 million.
According to the International Energy Agency (IEA), even though the share of renewables in the energy mix is increasing across the European Union, pollution has increased: more and more member states are counting firewood as a green solution, while carbon emissions are still rising. Hungary is one of the biggest statistical tricksters.
Restart Energy's long-term goals center around driving significant growth in renewable energy production while embedding sustainability into every facet of our operations.
Allview Solar Energy announced the completion of a 410 kWp full EPC project, featuring a Growatt WIT-100A energy storage system, for Aqua Invest.
Actis-backed Rezolv Energy has secured up to €90 million in debt financing from the IFC - International Finance Corporation and Raiffeisen Bank International AG to support the construction of the ‘St. George's Solar Park in north-eastern Bulgaria.
Bog'Art, one of Romania's most important and recognized construction companies, is reinforcing its commitment to a sustainable future by publishing its first Sustainability Report.
Last year, there was the highest-ever increase in renewable energy jobs, with an 18% annual rise, a new report says.
