MOL Launches New Solar Park with Battery Storage in Hungary
Hungarian energy company MOL Group has launched a new solar park combined with battery storage at its Algyő site, expanding its renewable energy capacity. The 37.4-MWp solar facility and 20-MW/40-MWh battery system will supply the entire electricity demand of the location while reducing CO₂ emissions by approximately 13,000 tonnes annually. The project was developed with ALTEO Plc., in which MOL holds a significant stake. This addition brings MOL's total solar capacity in Hungary to 405 MW across nine parks and battery storage of 80 MWh from two facilities. The company aims to scale its Hungarian battery portfolio to 500 MWh by 2030, supporting grid stability and reducing reliance on external energy sources. MOL's broader photovoltaic capacity in Central Europe now stands at 415 MWp, contributing to an estimated annual reduction of 160,000 tonnes of CO₂ emissions.
Topics: battery storage carbon emissions renewables solar energy