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.
GreenYellow has successfully completed one of the most significant investments in Poland's distributed photovoltaic (PV) sector.
Energa Green Development has acquired the PV Serby project, one of the largest planned solar farms in Poland, with a projected capacity of 112 MW.
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.
Ingka Investments, the investment arm of the Ingka Group – the largest IKEA retailer, has inaugurated its first solar park in Poland, reinforcing the commitment to the renewable energy transition.
Poland's National Fund for Environmental Protection and Water Management (NFOŚiGW) has opened a call for applications to co-finance electricity storage facilities, with funding from the Modernisation Fund.
Polish solar developer R.Power has secured €12.4 million in project financing to support the development of its first solar projects in Romania, targeting a combined capacity of 23 MWp.
Visual Fan, through its renewable energy division Renewable EPC by Allview, has secured a contract to design and build a photovoltaic park of over 5 MW in Reșița, Caraș-Severin County.
Polish solar developer R.Power has signed a long-term power purchase agreement (PPA) to supply around 240 GWh of solar energy to local telecom operator Play.
PPC Renewables Romania, a subsidiary of the PPC Group, has launched a new control room designed to optimize the production across its expanding portfolio of wind and solar parks.
In 2024, photovoltaic energy surpassed coal in electricity generation across the European Union for the first time in history.
Polish solar developer R.Power Renewables announced that it is on track to develop a 100-MWp portfolio of solar farms in Portugal, with 50 MWp already operational across eight sites.
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.
SolarPower Europe (SPE) forecasts 65.5GW of solar PV additions in the EU for 2024, marking a significant slowdown compared to previous years.
EIB will provide €243 million in financing to leading independent clean wind and solar energy operator ERG Group to promote the development of renewable energy in Italy, France and Germany.
The International Energy Agency (IEA) has released its October 2024 report, outlining a promising future for photovoltaic (PV) solar energy.
Eurowind Energy has achieved a significant milestone by installing the first wind turbine at its Pecineaga wind farm in Constanța County, Romania.
Polish renewable energy company Grenevia has secured a significant loan from the Polish Development Fund to fuel its solar energy expansion.
The Solar Energy division of Visual Fan announced the signing of a contract with Austrotherm for the development of a photovoltaic park with a capacity of approximately 999.90 kWp.
Solar photovoltaic (PV) energy production reached 2.57 billion kWh in the first eight months of this year, representing a 60.5% increase compared to the same period last year.
The European Union has reached a provisional agreement to reduce the scope and stringency of two major ESG regulatory frameworks: Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD).
Waldevar Energy has begun construction on two utility-scale photovoltaic parks for Doral Energy in Tudor Vladimirescu (Brăila County) and Ștefan Vodă (Călărași County), Romania. The projects will deliver 14 MWp of installed capacity using around 25,000 photovoltaic panels.
Lidl Romania has published its eighth sustainability report for the 2024 financial year, announcing accelerated progress in reducing environmental impact. The retailer has achieved its international 2030 target for transitioning to natural refrigerants, with these now used in 100% of logistics centres and 81.7% of stores, compared to the original goal of 100% of logistics centres and 40% of stores. The company has also increased its green energy usage to 80% of total consumption.
Global law firm Dentons has advised OX2 on acquiring three wind power projects totaling 235 MW in Romania from Future Power. The projects, located in Vaslui and Vrancea counties, are expected to be commissioned between 2028 and 2030, subject to permitting.
Romania is emerging as a key destination for Turkish renewable energy investments, attracting growing interest from industrial and financial groups. Real grid connection opportunities for projects, infrastructure modernisation potential, and investment framework stability make Romania strategic for Turkish capital as Europe accelerates its transition to sustainable sources and energy independence.
