Romania: End of price...

Electricity bills for July and part of August 2025 in Romania are significantly...

Bosnia and Herzegovina sees...

According to the Agency for Statistics of Bosnia and Herzegovina (BiH), gross electricity...

Albania: Electricity production falls...

According to data from the Albanian Institute of Statistics (INSTAT), electricity production in...

Romania: Energy Vault partners...

Swiss energy storage company Energy Vault has signed an agreement to provide up...
Supported byClarion Energy
HomeSEE Energy NewsHungary: MOL expands...

Hungary: MOL expands renewable energy portfolio with Ballószög solar power plant

Hungarian oil and gas company MOL has officially commissioned the Ballószög solar power plant, significantly increasing its renewable energy capacity. The new facility adds 66 MW of green energy, more than doubling MOL’s existing renewable production.

Originally developed by Naperőmű Farm, the project was acquired by MOL in December 2024. Following successful trial operations, the plant is now fully operational, supplying electricity to the Hungarian grid through energy provider Alteo. The 100-hectare facility, equipped with 113,000 solar panels, generates enough power to meet the annual consumption needs of 20,000 households. Advanced sun-tracking technology enhances efficiency by optimizing panel positioning throughout the day.

MOL’s long-term strategy focuses on strengthening Hungary’s energy independence by boosting domestic renewable electricity production. As part of this plan, the company is set to construct a 48 MW solar power plant in Tiszaújváros, expected to be completed by the second half of 2026. Additionally, MOL aims to generate up to 2,500 GWh of renewable electricity by 2030.

MOL and its partners currently hold a 73.8% stake in Alteo, which operates around 110 MW of renewable energy capacity. The company already manages six solar power plants in Hungary and one in Croatia, totaling 45 MW, with plans to surpass 200 MW in solar capacity by 2026.

Beyond solar energy, MOL is investing in green hydrogen production as part of its sustainability strategy. In 2024, the company inaugurated Central Europe’s largest green hydrogen plant in Százhalombatta, a 10 MW facility producing 1,600 tons of carbon-neutral hydrogen annually. Future plans include the development of additional green hydrogen plants in Rijeka and Bratislava, reinforcing MOL’s commitment to cleaner energy solutions.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Slovenia: Wind Energy Association calls for balanced policy consultation

The Slovenian Wind Energy Association (GIZ) has expressed concern that recent political debates on wind energy are being shaped by what it views as an unbalanced event. The association says conclusions from a June consultation in the National Council—attended...

Serbia: US extends sanctions deadline for NIS until late September

The US Department of the Treasury has once again delayed the enforcement of sanctions on Serbian oil company NIS, marking the sixth extension of the deadline. According to the Serbian Government, the new date for the possible implementation is...

Romania: End of price caps and VAT hike drive sharp rise in electricity bills

Electricity bills for July and part of August 2025 in Romania are significantly higher than in previous months, driven by multiple factors. A heatwave increased consumption as air conditioners and cooling devices were used extensively. At the same time,...
Supported byVirtu Energy
error: Content is protected !!