The gas market in Europe has changed and the dependence from Russia is not what it used to be. Plus, the EU has some ambitious climate goals to achieve while the US just exited the Paris agreement. What will the US elections mean for CEE’s energy agenda?
MVM Group acquired 100 % ownership of the Hungarian subsidiary of the German energy company Enexio, together with its two Chinese subsidiaries, aiming to become an active player in the Chinese energy market.
The US agreed to pledge up to 1 billion euros to the Three Seas Initiative for investments in the transport sector, energy and digital infrastructures. The US is committed to helping the region divest itself of its energy dependence.
Europe’s top renewable energy organisations launched the Renewable Hydrogen Coalition to position Europe as the world leader in renewable hydrogen, produced via electrolysis and based on 100% renewable electricity.
László Örlős, Managing Director of Hungary’s Western Balkans Green Centre writes about the Western Balkans in which, despite the strong commitment to increase their renewable energy quota, fossil-fired plants continue to play a key role.
The Hungarian Energy and Public Utilities Regulatory Authority issued the construction permit for the Paks II nuclear power plant which will play a key role in the country’s carbon-free energy production.
BIF IV Europe Holdings in cooperation with Mansa Investments, intend to launch a tender offer for 100% of the shares in Polenergia, advised by Dentons, in a move to delist the company from the Warsaw Stock Exchange.