Energy | 10 December, 2024 at 9:00 PM
Hungary surpasses 2030 solar targets
The Ministry of Energy has announced a significant expansion in Hungary's solar power capacity.
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).
The European Commission has approved a €1.1 billion Hungarian scheme to support electricity storage facilities to foster the transition to a net-zero economy. The scheme was approved under the State Aid Temporary Crisis and Transition Framework, adopted by the Commission on 9 March 2023 to support measures in sectors that are key to accelerating the green transition and reducing fuel dependencies in the context of Russia's war against Ukraine.
Investors prefer sustainability to be measured in the case of commercial buildings too. Therefore new detailed rules will be elaborated and a so-called green passport for properties will be introduced, international law firm Baker McKenzie and CBRE reported after a special roundtable discussion in Budapest.
Schneider Electric is investing €40 million in a new smart factory in Hungary. The factory will be net zero. Geothermal energy and rooftop solar will power the site, and Schneider Electric's EcoStruxure energy management solutions will maximize its energy efficiency.
In a comprehensive modernization effort, real estate developer GTC switches to 100% green energy; reducing its domestic energy consumption by 20%.
China's CATL is building a factory in the eastern Hungarian city of Debrecen to produce batteries for electric cars, in a plant that will be one of the largest in its category in Europe.
The Boysen Group will invest HUF 60 billion to create 400 new jobs in Nyíregyháza, where the company will produce electric car components for BMW's Debrecen plant.
The European Commission announced it will support 10 pilot projects to establish new rail services or improve existing ones.
In Romania, L'Oréal encourages people to choose larger sizes and refills while helping them understand how and where to recycle our packaging.
NEPI Rockcastle plans to transform its shopping centers in Romania into local energy hubs and fully meet their energy needs with green energy by the end of 2026.
Renewables developer OX2 has secured €73 million in financing from Germany's Nord/LB, a leading energy transition bank, for the development of a 100 MW solar farm in Poland.
The European Investment Bank (EIB) is using again its €5 billion initiative to support manufacturers of wind-energy equipment in Europe by extending a €500 million counter-guarantee to Germany-based Commerzbank AG.
PPC Group has entered the Italian renewable energy market with the launch of two photovoltaic (PV) plants boasting a combined installed capacity of 32 MW.
