Hungary to boost clean energy with more solar power

28/11/2018 09:28 Solar


Hungary, historically one of Europe's biggest coal consumers, is seeking to expand its solar installed capacity, Sun Investment Group (SIG) said in a statement on Tuesday.

Hungary wants to increase solar panels from 500 megawatts (MW) to 30,000 MW by 2022, making the country a magnet for solar investors.


"Hungary, along with neighboring Poland, the Czech Republic, and Bulgaria, is one of the EU’s most coal-dependent member states - in 2016, it sourced 18 percent of its electricity from coal, 50 percent from nuclear, and 20 percent from gas," the SIG's statement said.


"EU states that all 28 members within the bloc must source 20 percent of their energy from renewable sources by 2020," SIG stated.


The Sun Investment Group already has a 15 percent stronghold on Poland’s solar energy market and hold the biggest solar PV portfolio in the country.


Spain’s LNG imports edge up in April

23/05/2019 08:46:00

Spain’s imports of liquefied natural gas (LNG) jumped 15.3 in April when compared to the corresponding month last year, according to the monthly data by the LNG terminal operator Enagás.


Daily (22.05.2019): NBP spot ended down by nearly 3% on Tuesday due to higher Norwegian flows

22/05/2019 11:33:00

The outlook of a tighter supply fuelled by the growing tensions in the Middle East and OPEC’s constant commitment to cut output supported oil prices on Tuesday. Meanwhile, gains were capped by the lengthy U.S.-China trade dispute and its bearish impact on the global economic growth. Brent crude price edged higher by 0.3% to 72.18 USD/bbl, while WTI futures were only 0.1% up at 63.13 USD/bbl.


Serbia aims to complete Bulgaria-Hungary gas link by Dec 18 - energy min

22/05/2019 08:48:00

Serbia plans to complete the construction of a natural gas pipeline from the border with Bulgaria to the border with Hungary by December 18, energy minister Aleksandar Antic said on Tuesday.