MOL expands renewable portfolio with 66 MWp solar farm acquisition in Ballószög, Hungary

MOL has acquired a 100% stake in the 66 MWp solar farm project in Ballószög, Hungary, through an agreement with Optimum Vogt, a subsidiary of Ib vogt, the company announced. Construction of the photovoltaic farm is complete, with test operations scheduled to commence in January 2025.

“This acquisition is a key step in MOL’s strategy to expand renewable energy sources, meeting an increasing share of our energy demand while reducing our carbon footprint,” said MOL Senior Vice President for Industrial and Corporate Services, Peter Labancz. “With this project and ongoing organic developments, MOL’s renewable capacity will approach 200 MWp, supported by Alteo’s renewable energy assets and expertise.”

The deal aligns with MOL’s commitment to diversifying its energy mix and supporting its broader energy transition goals. The company aims to further integrate renewable assets into its portfolio, leveraging its partnership with Alteo, a company in which MOL holds a majority stake.

Source: MOL and ISBNews
Photo: Peter Labancz, MOL Senior Vice President for Industrial and Corporate Services