Energy | 4 September, 2025 at 9:26 AM
Solar overtakes gas as Hungary's second-largest electricity source
Solar power has rapidly risen to become Hungary's second-largest source of electricity, overtaking gas for the first time in 2024.
Solar power has rapidly risen to become Hungary's second-largest source of electricity, overtaking gas for the first time in 2024.
Futureal Group's energy division has entered international markets under the newly established brand Futureal Energy Partners. The move marks a significant step in the company's strategy to broaden its presence in renewable energy investment and electricity trading across Europe.
Met Group has inaugurated Hungary's largest standalone battery energy storage system (BESS), a 40 MW / 80 MWh facility located at the Dunamenti Power Station in Százhalombatta.
The industrial real estate market in CEE has entered 2025 with strong momentum. According to new market data released by iO Partners, the total stock of industrial space has reached 34.4 million sqm in Q1 2025, marking a 1.1% quarter-on-quarter increase.
Holcim Hungary's Királyegyháza cement plant now uses solar energy, covering up to one-third of its electricity needs from renewables, thanks to a 28.45 MWp solar park inaugurated on April 10, 2025.
The Futureal Group has announced the transitioning of its entire Hungarian real estate portfolio to green energy, as part of a move aligned with the Paris Agreement and EU's 2050 net-zero carbon emission target.
Hungarian energy company MVM has signed an agreement with a consortium led by Turkey's Çalık Holding and Italy's Ansaldo Energia to develop a 1,000 MW combined cycle gas turbine (CCGT) power plant at the Tiszaújváros site in northeastern Hungary.
Holcim has inaugurated a new solar park adjacent to its cement plant in Királyegyháza, Hungary, marking a significant advancement in the company's sustainability initiatives.
Ganz Transformer and Electrical Rotating Machinery Manufacturing Ltd. has completed the construction of a solar power plant and a hybrid energy storage system at its production site in Tápiószele, Hungary.
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.
DSV – Global Transport and Logistics, the world's largest logistics operator, has launched a solar installation at its warehouse in Łozienica, Poland, in partnership with commercial real estate investor Accolade. The installation will meet the energy needs of Poland's first multi-client warehouse equipped with an AutoStore system.
Etem Gestamp, the Sofia-based joint venture between Viohalco Group and Spain's Gestamp Group focused on aluminium extrusion and processing for the automotive industry, and Rezolv Energy, the Actis-backed independent power producer, have signed a 10-year virtual power purchase agreement (VPPA) in Bulgaria. The VPPA will see Etem Gestamp buy electricity from Rezolv Energy's 461MW 'Vifor' wind farm, which is about to come onstream in Buzău County, Romania. It is the first cross-border wind PPA that has been publicly announced in Bulgaria.
DP World has launched a five-year coastal restoration programme to create underwater "forests" of native seaweed to boost marine life near the Constanța South Container Terminal on the Black Sea.
Microsoft has achieved its goal of matching 100% of its annual global electricity consumption with renewable energy, reaching the milestone five years ahead of its 2025 target. The achievement supports the company's commitment to become carbon negative by 2030.
The recent weakening of the CSRD may have some real estate developers cheering the compliance rollbacks, but the consequences could be complicated. A new research survey examines how EU real estate firms are navigating changes to the CSRD, and what that could mean for upcoming SFDR revisions.
