Alteo plans expansion in Central Europe and the Balkans

Green Forum
Hungarian energy firm Alteo plans to expand its presence in Central Europe and the Balkans, aiming to significantly grow its renewable energy portfolio.  

As part of its updated strategy, Alteo is exploring market opportunities in 10 countries near Hungary. While Croatia, Slovakia, and Serbia will be its primary focus, the company also has its sights set on Czechia, 

Poland, Romania, and other Balkan nations for the long term. The goal is to develop a green energy portfolio with a capacity of 1,500-2,000 megawatts (MW) by 2030.

“Our vision is to become a regional leader in sustainability by 2030, exporting cutting-edge solutions for energy production and the circular economy,” said CEO Attila Chikán Jr.

The revised strategy will continue to prioritize energy management, renewable energy expansion, and leveraging synergies within its ownership structure for maintenance and operations. Hungarian oil company MOL is one of Alteo's largest shareholders.

 

 

 

 

RECOMMENDED
RECOMMENDED FROM THE HOME PAGE
Energy

Solar module makers show first financial stability in over a year

The newly published Edition 2 2026 of the PV Module Manufacturer Ranking Report shows the first signs of stabilisation in the solar manufacturing sector's balance sheets after more than a year of steady deterioration. The table tracks the Altman Z-Score, a widely used measure of bankruptcy risk, for 64 publicly listed photovoltaic module manufacturers, and has now been refreshed with first-quarter 2026 data.

Energy

Romanian floating solar pioneer partners with university

The Faculty of Hydrotechnics from the Technical University of Civil Engineering Bucharest and Waldevar Floating PV have signed a strategic partnership to accelerate innovation in renewable energy and prepare the next generation of specialists in floating photovoltaic technologies.

Energy

Rezolv Energy launches Bulgaria's St. George solar park

Rezolv Energy has commissioned the St. George solar park in Silistra, Bulgaria, marking the company's first project to become operational. The 225 MW facility reached full operational status in under three years from acquisition of development rights.