News 2020

Comprehensive national policies key for CEE to take advantage of the energy transition

October 22, 2020 |by Budapest Energy Summit | Comments Off on Comprehensive national policies key for CEE to take advantage of the energy transition | News 2020

The European Union Recovery Strategy marks the determination of the Commission to engage all Member States in common efforts to reshape the whole European economy. The pandemic simply amplified the observation, that the emerging challenges to our societies and economies require more focused, decisive policies. The Recovery Strategy and the EU budget proposed for the 2021-2027 perspective can be perceived as a move to capture these efforts into a robust financial framework. This is a clear impulse to encourage both private and public spending required for the energy transition to succeed.

Investing in renewable energy sources (RES) is undisputedly the key response we are capable of providing to the climate change challenge. However, we are already past the stage where this can be narrowed down to adding new power generating capacity to each system. Over the next decade, the renewable effort has to combine replacing reliance on energy sourced from fossil fuels with a mixture of measures focused around renewable energy in the overall power system, including network, transportation, heating and cooling but also building on synergies with water supply, waste management and many other areas.

This article was originally published on CEENERGYNEWS, the official media partner of Budapest Energy Summit.

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MET Group acquires fifth largest wind park in Bulgaria

October 22, 2020 |by Budapest Energy Summit | Comments Off on MET Group acquires fifth largest wind park in Bulgaria | News 2020

Swiss-based European energy company MET Group has acquired a 100 per cent stake in a 42-megawatt (MW) wind park in Bulgaria, after signing a share purchase agreement with Italian Enel Green Power, the renewable arm of Enel Group. The transaction is part of MET’s growth strategy to develop a significant renewable portfolio in the CEE region.

“This acquisition is a clear sign of the implementation of MET Group’s integrated strategy to develop a strong renewable portfolio in the CEE region,” commented Benjamin Lakatos, CEO of MET Group. “Our goal is to build a geographically diversified portfolio of power generation and infrastructure assets, with a substantial renewable asset portfolio. As for the diversification of energy sources, I am convinced that our focus on renewables is the right approach and together with our core competence around natural gas as a transition fuel we can support energy developments towards carbon neutrality.”

This article was originally published on CEENERGYNEWS, the official media partner of Budapest Energy Summit.

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A digital and sustainable champion – interview with Attila Kiss, CEO of E.ON Hungária

October 20, 2020 |by Budapest Energy Summit | Comments Off on A digital and sustainable champion – interview with Attila Kiss, CEO of E.ON Hungária | News 2020

Over the past months, European electric utility company E.ON was able to both protect the health of its employees and guarantee the security of supply. In particular, the coronavirus pandemic means an opportunity for E.ON Hungária to become more modern, more digitalised and to be more focused on sustainability and green energy.

CEENERGYNEWS spoke with Attila Kiss, Chairman and CEO of E.ON Hungária about what does it mean for the company to act sustainably and how are they preparing for the challenges of the 21st century.

Mr Kiss acknowledges that with many people working and studying from home, the company’s responsibility is even greater than usual to ensure that the electricity and gas supply – a prerequisite for these activities – is uninterrupted.

This article was originally published on CEENERGYNEWS, the official media partner of Budapest Energy Summit.

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