MOL’s State-of-the-Art Solar Portfolio Expansion
MOL Group Expands Renewable Energy Capacity with Acquisition of Solar Power Plant
MOL, a leading Hungarian energy company, has taken a significant step towards increasing its renewable energy production by acquiring Naperőmű Farm, a company developing a 66 MW solar power plant in Ballószög, central Hungary. This acquisition marks a major milestone in MOL’s renewable energy strategy, more than doubling its current solar energy capacity.
The trial operation of the Ballószög solar farm is scheduled to begin in January 2025, with the electricity generated being sold through Alteo Energiaszolgáltató. Spanning 100 hectares and equipped with 113,000 solar panels, the solar farm built by Optimum Vogt, a subsidiary of Ib vogt Gmbh, utilizes advanced panels with sun-tracking technology to maximize energy production and efficiency even under suboptimal conditions.
The facility’s output is estimated to meet the electricity needs of 20,000 average Hungarian households. Currently, MOL Group operates six solar parks in Hungary with a combined capacity of 31.5 MW and 13.6 MW in Croatia, with plans to expand its renewable generation capacity to 200 MW by 2026. As part of this plan, MOL Petrolkémia is constructing a 48 MW solar farm in Tiszaújváros, expected to be operational by mid-2026.
Péter Labancz, managing director of MOL Group’s industrial and corporate services, highlighted the importance of increasing renewable energy sources in the company’s strategy. Labancz emphasized that these investments not only reduce the carbon footprint of industrial operations but also provide green electricity to businesses and households through the public grid.
MOL’s commitment to sustainability extends beyond solar energy, as evidenced by the trial production at Central and Eastern Europe’s largest green hydrogen plant in Százhalombatta. With a capacity of 10 MW, the facility will annually produce 1,600 tons of carbon-neutral hydrogen for fuel production, aligning with MOL’s vision for a greener future.
By leveraging state-of-the-art technology and sustainable solutions, MOL is actively contributing to the transition to cleaner energy while meeting the increasing electricity demands in Hungary and the region. Their expansion in renewable energy capacity signifies a strong commitment to a low-carbon energy landscape and a greener future for all.
