MOL Group inaugurates 37.4 MWp solar park, BESS in Hungary
The solar park was constructed by ALTEO Plc., which may also provide aggregation services following the completion of the project. MOL and its partners hold a 73.8% stake in ALTEO Plc., which operates approximately 115 MW of renewable energy generation capacity.
MOL Group has inaugurated a new 37.4 MWp solar park and an associated electricity storage system with 20 MW of nominal power and 40 MWh of storage capacity at its Algyő site in Hungary.
The new solar park, together with the existing power plants at Algyő, is capable of fully covering the electricity demand of MOL’s Algyő region, according to a press release.
“The investment simultaneously promotes sustainability, security of supply and economic competitiveness: green electricity generated from our own sources reduces our reliance on external energy supplies, while the battery storage system contributes to the stability of the national power grid,” said György Bacsa, Group Chief Strategic Officer of MOL Group.
The solar park was constructed by ALTEO Plc., which may also provide aggregation services following the completion of the project. MOL and its partners hold a 73.8% stake in ALTEO Plc., which operates approximately 115 MW of renewable energy generation capacity through wind, solar, hydro and biogas power plants.
With the new facility, MOL Group currently operates 9 solar parks in Hungary with a combined capacity of 405 MW and plans to further expand its portfolio in the future. In addition, it operates two energy storage facilities with a total storage capacity of 80 MWh. MOL Group also operates two solar parks with a combined capacity of 10 MW in Croatia, and a third one will be added next year, increasing capacity to 23 MW.
