renewable energy

Hungarian opposition parties slam government nuclear, sustainable energy policy

paks

The opposition LMP and Párbeszéd parties on Tuesday slammed what they called the government’s anti-wind power policy and the upgrade of Hungary’s sole nuclear plant in Paks, in central Hungary.

Speaking at a joint press conference of the green LMP and the Párbeszéd parties, Párbeszéd lawmaker Olivio Kocsis-Cake said the government was calling for a “Christian, conservative green policy” of which nuclear energy is an important element but that snubs wind power. Such a green policy, in Párbeszéd’s view, does not exist, Kocsis-Cake said.

Kocsis-Cake said

the government policy was dragging its foot in phasing out traditional energy production and introducing sustainable energy production.

The 4,000 billion forints (EUR 11.8bn) allocated for the upgrade of the Paks power plant should be ploughed into energy efficiency programmes and sustainable forms of energy, he said.

The lawmaker called for the nuclear power plant that is currently operating to be moth-balled at the end of its lifecycle, adding that planned additional reactor blocks under the Paks 2 project were unnecessary.

Párbeszéd has submitted proposals to parliament on setting up an independent ministry for environmental protection and on scrapping a decision the party says effectively “bans” building wind power turbines, he said.

Péter Ungár, the lawmaker of green LMP, noted the government has failed to give an explanation for banning the construction of further wind turbines, a cheap source of energy.

Meanwhile, the costs of the Paks upgrade grow year by year, Ungar added.

Solar, wind power generation soars due to abundant sunshine, strong winds in Hungary

pinwheel-wind turbine

Solar and wind power generation provided more than 20 percent of Hungary’s total domestic power generation for a short period on Sunday, thanks to lots of sunshine and strong winds, business daily Világgazdaság said on Tuesday.

This is a vastly higher proportion than the 3 percent averaged in 2018. More realistic annual data show that in that year 11.7 percent of Hungary‘s gross domestic electricity production came from renewable sources.

Within this figure, wind power accounted for 16.2 percent per day and solar 16.5 percent, according to the Hungarian energy regulator.

Last year saw some movement in renewables after years of stagnant wind capacity, as lots of small and some large-scale solar plants came online.

By the end of 2018, 726,000 megawatts of solar capacity had been connected to the domestic electricity grid, rising to over 1.1 gigawatts by June 31, 2019.

The regulator, in the meantime, has approved solar developments that will add another 1.4 gigawatts over the coming years, the paper said.

renewable energy, investment, solar power, china
Read alsoCentral Europe’s biggest solar power plant to be built in Hungary by the Chinese

Hungary’s central bank promotes green mortgages

national bank of Hungary -mnb nbh

The Central Bank of Hungary (MNB) presented a new program of preferential capital requirements on green housing loans for credit institutions based in Hungary, the MNB said here on Monday.

“The aim of the program is to distribute climate-friendly financial products and improve the energy efficiency of new homes,” MNB Deputy Governor Csaba Kandrács was quoted by the Hungarian news agency MTI as saying.

“A consultation will also be launched to promote the introduction of green mortgage bonds,” he added.

The central bank‘s new Green Capital Requirements Discount Program offers credit institutions preferential capital requirements on loans for the purchase, construction or renovation of energy-efficient homes between Jan. 1, 2020, and Dec. 31, 2023, and customers may also receive preferential interest rates, according to Kandrács.

At the end of the 4-year period, the central bank will evaluate the experience to decide whether or not to continue with the program.

“The MNB also wants to encourage the launch and spread of so-called green mortgage bonds in Hungary. To this end, measures will be developed in consultation with credit institutions and the possibility of preferential treatment in the mortgage financing compliance ratio will be explored,” Kandrács added.

He explained that it was typical for commercial banks not to take into account the energy performance of buildings in their lending activities, although the average energy consumption of green housing is lower.

“Thus, the customer will save money on energy bills, and the energy efficiency measures may also contribute to safeguarding the value of the property over time,” Kandrács said.

renewable energy, investment, solar power, china
Read alsoCentral Europe’s biggest solar power plant to be built in Hungary by the Chinese

Cheapest energy that which we don’t use, says Hungarian President in NY

United Nations Climate Action Summit in New York

Addressing the United Nations Climate Action Summit in New York on Monday, Hungarian President János Áder outlined Hungary’s achievements and future goals concerning climate policy and briefed world leaders on the country’s Virtual Power Plant scheme.

The philosophy behind the now 10-year-old programme is that “the cheapest energy is that which we don’t produce,” Áder told the summit.

The scheme aims to improve the energy efficiency of individuals, businesses and public institutions, he said.

“The programme has so far allowed us to save more than one quarter of the power output of the Hungarian nuclear power plant in the city of Paks,” the president said. “To put it in other words, we did not have to generate 6 percent of Hungarian electricity consumption from fossil fuels.”

The programme has so far been implemented in Italy, Britain and Romania, he said, expressing hope that it would be “just as successful there as it has been in Hungary”.

Áder also said that over the next three years, Hungary will support international climate finance by nearly 6 million dollars, part of which will go towards the Green Climate Fund.

He noted that Hungary was the first European Union member state to ratify the Paris climate accord, pointing out, at the same time, that CO2 emissions have only increased since 2015.

As regards Hungary’s climate policy goals, the president said Hungary will boost its solar energy capacity tenfold by 2030, phase out fossil fuel-based energy production and expand its nuclear power plant. These combined efforts will ensure that 90 percent of Hungary’s electricity production will be CO2-free by 2030, he added.

Further, Hungary aims to achieve a 30 percent increase in the energy efficiency of its buildings by 2050.

By 2030, public transport companies in cities with a population of more than 25,000 will only use electric busses. Hungary will also continue its reforestation programme, he said, noting that the country’s forests have doubled in size over the past 100 years. And by 2050, Hungary aims to increase the size of its forests by a further 30 percent, Áder said.

Concerning climate policy achievements, the president said Hungary has reduced its CO2 emissions by 32 percent since 1990 simultaneously to reducing its energy consumption and increasing economic growth. Last year, the Hungarian economy grew by 5 percent while emissions were down by 0.6 percent, he said.

He said Hungary’s per capita emissions were one of the lowest among industrialised countries, with those of the United States being 3.5 times as high. Hungary’s 24 largest cities have joined the most ambitious international climate zones and are members of the international climate protection cooperation scheme Under2.

Áder vowed that Hungary will do everything in its power to make sure that the goals of the Paris climate agreement are achieved.

Over the coming days, Áder is scheduled to hold bilateral talks with UN Secretary-General Antonio Guterres, address the Sustainable Development Goals summit and meet with scientists at CUNY Hunter College.

Green opposition LMP lawmaker Erzsébet Schmuck said in reaction that she was overall disappointed with Ader’s address, but welcomed some of the president’s proposals.

“I have to say I’m disappointed with what the president had to say concerning carbon-dioxide emissions,” Schmuck, who attended the Climate Action Summit in person, said.

She admitted that Hungary had reduced its CO2 emissions by 32 percent since 1990 but added that emissions have been steadily rising since 2014.

Schmuck also expressed disappointment with plans regarding the use of nuclear energy.

“LMP and I constantly speak out against the upgrade of the Paks power plant, so the president spoke about commitments on which our views are different,” she said, stressing that her party did not see the increase of the use of nuclear energy as a viable solution.

Asked to comment on Áder’s pledge to increase solar energy capacity tenfold and close down coal plants by 2030, Schmuck said: “We obviously welcome the shutdown of coal plants, although we want this to happen before 2030 and we’d also prefer, for instance, if the government didn’t extend the life cycle of Hungary’s Mátrai [coal-fired] power plant.”

Is Budapest likely to become a deadly place?

Pilot tender for green electricity support scheme to be called in September

renewable energy solar panel park

The innovation and technology ministry on Monday said a pilot tender for support of a combined 1 billion forints (EUR 3.1m) for companies generating electricity using renewable energy sources is expected to be called in September.

The support will be allocated in two categories:

a combined 333 million forints will be made available for power stations with output between 0.3MW and 1MW and a total of 667 million forints for those between 1MW and 20MW.

The pilot tender will be called by the Hungarian Energy and Public Utility Regulatory Authority (MEKH).

The support will only be allocated to companies producing electricity at domestic sites.

In the evaluation, MEKH will favour investments at brownfield sites, which will have to be implemented within three years from winning the support.

Decisions on the winning applications are expected to be taken in early 2020, the ministry said in a statement.

It’s over! Free charging of electric cars to end soon in Hungary

The testing period will determine the exact price drivers will have to pay to charge their electric cars.

Hvg.hu reported that the National Utilities Service (NKM) had decided to end the practice of charging electric cars for free. The government enterprise has placed 86 charging stations all around the country, which amount to a total of 177 charging points. Sixteen of the stations operate with 50 kW direct current (DC) which means decreased charging time.

To clarify things, not all charging stations will require you to pay.

Those operating with 22kW alternating current (AC) will remain free. 50kW and 43kW stations cost 50 HUF (approximately 0.15 euros) per minute during the testing period their final price being still uncertain.

NKM is not the only company present in the electric car market in Hungary. E.ON, Elmű, Mol, OMV and others have also installed charging stations: their services, however, have long not been free by now. Although the Hungarian government has been adamant about supporting electric cars, it appears they have now followed suit.

Central Europe’s biggest solar power plant to be built in Hungary by the Chinese

renewable energy, investment, solar power, china

The Ministry for Innovation and Technology (ITM) revealed that the China National Machinery Import & Export Corporation (CMC) is soon to start working on building an almost 100 MW solar power plant in Kaposvár, South-West Hungary. It will be the biggest investment of this nature in entire Central Europe.

According to Index, the company already secured all necessary permits and signed the contract of buying the assigned piece of land for the investment. At the moment, they are preparing to execute the plans. In total, the investment costs 32 billion Hungarian forints (99,168,000 EUR).

In the past few years, CMC and its subsidiary company realised numerous investments worth several billion dollars on an international level, with special attention to the energy sector.

According to the ITM, it is possible the company will make investments in Hungary from their own resources of about one billion euros in the future.

The contract was signed by Hungarian Minister for Innovation and Technology László Palkovics and Ruan Guang, the company’s CEO, on 25th April 2019, in Beijing. 

green energy, solar power plant, china
Photo: Pixabay/Illustration

The company plans to set up their regional office in Hungary, from where they want to oversee the preparation and managerial tasks of projects they are planning to realise in 16 Central and Eastern European countries.

At the end of 2018, built-in solar power capacity was around 700 MW. The Hungarian government plans to increase this to 2-3000 MW within a five-year period.

China – The next potential language training destination for the Hungarian youth

Hungary would ‘gladly’ diversify energy supplies if it could, says foreign minister

energy solar panel

Hungary would “gladly” diversify its energy supplies, but doing so requires proper infrastructure and the necessary investment decisions, the foreign minister said on Thursday.

These steps depend on Hungary’s international partners, Péter Szijjártó told a US-EU energy conference in Brussels.

Fully 100 percent of Hungary’s natural gas supply is imported from Russia, the minister noted, explaining that this was due to current limitations in infrastructure.

Speaking at a press conference after the meeting, Szijjártó said energy security in central Europe remained a “deeply critical issue”, especially given what he said was a lack of progress in the investment projects that would help diversify the region’s energy supplies.

HungaryTrends – The most important news in business and finance

The iron train of the Danube Ironworks

See below main business and financial news from the previous week:

ORBÁN TRAVELS TO BEIJING FOR BELT AND ROAD FORUM

Prime Minister Viktor Orbán travelled to Beijing with a delegation of government ministers and officials to participate in the 2nd Belt and Road Forum for International Cooperation. Orbán said China’s Belt and Road Initiative is “in full accordance” with the national interests of Hungary, adding that the country would not bend to “any kind of external ideological pressure” regarding its participation in the scheme. Read more HERE.

HUNGARY’S BIGGEST EVER RAILWAY PROJECT GOES TO ORBÁN’S FRIEND

Lőrinc Mészáros’s RM International Zrt received the contract in collaboration with two Chinese companies to construct the new train line from Budapest to Belgrade. In their article, index.hu point out that the government did not mention the owner of RM International Zrt in their communication. Read more details HERE.

RICHTER SHAREHOLDERS APPROVE HUF 100-PER-SHARE DIVIDEND

Shareholders of Hungarian drugmaker Gedeon Richter approved a proposal to pay a 100 forint-per-share dividend on last year’s earnings at an annual general meeting. The dividend fund comes to 18.6 billion forints. Last year, shareholders approved a 68 forint-per-share dividend on 2017 earnings.

GIGA-INVESTMENT! CANADIANS MIGHT PURCHASE HUNGARY’S SECOND BIGGEST MILITARY AIRPORT

The Canadians made an impressive offer on a 330-hectare ex-military airport, which used to be the second biggest military airport in Hungary. The owners are leaning towards selling. Read more HERE.

TAKARÉKBANK BALANCE SHEET BALLOONS

Takarékbank, the “central bank” for Hungary’s integrated savings cooperatives, had total assets of 1,165 billion forints at the end of last year, up almost 30 percent from twelve months earlier, a report approved at a shareholders meeting showed. Takarékbank had after-tax profit of 7.7 billion forints, according to Hungarian Accounting Standards, the lender’s PR agent said. Public records show Takarékbank had consolidated losses of 12.3 billion forints in 2017.

EUROSTAT ARGUES FOR RECLASSIFYING HYDROCARBON STOCKPILING ASSOC

Eurostat said the Hungarian Association for the Stockpiling of Hydrocarbons (MSZKSZ) should be classified inside the general government in a reservation on the quality of data reported by Hungary. The reclassification would raise state debt relative to GDP by 0.3-0.4 percent in 2015-2018. Eurostat also repeated its stand that the foundations of the National Bank of Hungary should be classified inside the general government.

BUDAPEST TO INTRODUCE FLIGHT BAN FROM MIDNIGHT TO 5AM

Budapest Mayor István Tarlós announced a ban on flights in the capital between midnight and 5am from August. Fines will be levied for exceeding noise pollution thresholds and the proceeds used to soundproof homes close to Budapest’s Liszt Ferenc International Airport. Read more HERE.

MOL CEO TAPPED TO HEAD CORVINUS UNI FOUNDATION

Zsolt Hernádi, the chairman-CEO of oil and gas company MOL, was asked to head a foundation that will take over the assets and operation of Corvinus University of Budapest. Hernádi, himself an alumnus of the university, said Corvinus is already the most competitive university in Hungary, but the aim is to make it competitive in the region, and even outside of the region.

BUSINESS CONFIDENCE WORSENS, CONSUMER CONFIDENCE IMPROVES

Economic research institute GKI’s combined gauge of consumer and business confidence fell 3.3 points to 2.9 in April, declining for the fourth month in a row. The business confidence index fell 5 points to 7.1. The consumer confidence index improved 1.8 points to -8.9.

REVENUE OF HUNGARIAN SPAS CLIMBS 9 PC

Revenue of Hungarian spa operators rose by 9.1 percent to 64.2 billion forints, last year, the Hungarian Spa Association said. Visitor numbers were up 2.2 percent. Read more HERE.

SZIGET FESTIVAL BUDGET OVER HUF 10 BN

Budapest’s Sziget Festival, a week-long musical extravaganza on an island in the Danube, is working with a budget of over 10 billion forints this year and will spend half a billion forints more on headliners, chief organiser Tamás Kádár said. Among the main stage acts at this year’s festival, slated for August 7-13, are Ed Sheeran, Macklemore, Twenty One Pilots and Foo Fighters.

EUROTRADE BREAKS GROUND FOR HUF 1.6 BN SOLAR PARK

Hungarian-owned Eurotrade launched construction of a 1.6 billion forint, 5 MW solar park in Környe (NW Hungary). Eurotrade took out a ten-year loan from Takarékbank to finance the investment.

Politicians, scientists, general public share responsibility for climate protection, says president

Politicians, scientists and the general public share responsibility for climate protection, President János Áder said after meeting the United Nations Secretary-General in New York on Thursday under the arrangements of a climate change summit at the UN General Assembly.

Antonio Guterres called climate change “the greatest challenge of our times”, posing an immediate and direct threat to humanity, Áder told the press. Guterres asked participants during his address to prepare plans and programmes instead of speeches for the next climate meeting, he added.

Áder said the Hungarian delegation would not arrive empty-handed for a UN summit in September.

He added that he would present to the General Assembly decisions and measures that have a beneficial influence on the climate.

Guterres called Hungary’s actions for climate protection “exemplary” and noted that Budapest would be hosting a Water Summit this year for the third time, Áder said.

A solution to climate change must be found within the next 15-20 years because the Earth will become uninhabitable if no action is taken, Áder said. The solution will much depend on the attitudes of the two largest polluters, the US and China, but everyone bears responsibility, Áder added.

People should try to save water and not waste energy in everyday life, he said.

During a two-day visit to the US, Áder granted City University of New York professor Charles J. Vorosmarty the Order of Merit of Hungary Commander’s Cross in recognition of his efforts to support Hungary’s international science cooperation activities and his research in water management.

Hungarian President in UN: Paris climate agreement not working

hungarian president in UN

“Paris is in trouble”, President János Áder told a United Nations General Assembly session in New York on Thursday, arguing that harmful emissions globally are higher than ever.

Áder said in his address that the current demographic boom cannot be reversed, neither can countries abandon economic growth, so changes are needed to achieve the same growth by using less energy and producing less carbon dioxide.

Áder said increasing the share of solar, wind, water and nuclear in the energy mix should be accompanied by new technologies that lower energy demand while cutting emissions of harmful gases.

He said that whereas the global population had grown three and a half times the past hundred years, the world’s energy consumption had multiplied by ten. “Man is heating up the planet using fossil fuels while overturning an equilibrium of 10,000 years,” Áder said.

Since the Paris Agreement was signed to restrict global warming, the world has produced more and more renewable energies, he noted.

Still, emissions are again on the increase, especially in the US, China, and India, he added.

Áder quoted former US President Abraham Lincoln as saying that “you cannot escape the responsibility of tomorrow by evading it today”.

Featured image: MTI

EP election 2019: Green opposition LMP programme to focus on climate change

lmp EP election 2019

Green opposition LMP’s programme for the European parliamentary election will focus on climate change, proposing measures in energy management, transport and against air pollution in “the greenest programme of Hungarian political history”, Gábor Vágó, the top candidate on the party list, told a press conference on Monday.

A climate catastrophe is already under way, and constitutes an unprecedented threat to civilisation, Vágó said. “Whoever doesn’t take this seriously is risking life,” he added.

Instead of the upgrade of the Paks nuclear plant, the government should invest into clean, cheap and safe energy resources, and decentralise energy production, he said.

LMP proposes radical measures to improve air quality, Vágó said. From 2030, the party would only allow electric cars to be rolled out, and would replace discount airlines with high-speed trains, Vágó said.

He said LMP would work to synchronise minimum wages across the EU.

LMP will do everything in its power to keep Hungary’s development funding at the current level, but also to prevent those monies from going to “oligarchs”, Vágó said.

“The corrupt practices of [ruling] Fidesz are putting EU funding at risk,” he said.

Party co-leader Márta Demeter, who ranks second on the party list, said that the present government had become “incapable of representing the country’s interests in the EU. The prime minister is only waging a power struggle,” she said.

Demeter said she would fight for measures to curb financial speculations and for EU regulations to clamp down on “offshore activities”. They would also boost the social pillar of the EU, closing the gender wage gap and fighting violence and human trafficking, she said.

LMP: Paks upgrade ‘a means to cement Russia’s influence’

The upgrade of Hungary’s nuclear plant in Paks is a means to boost Russian President Vladimir Putin’s influence in the region, lawmakers of green opposition LMP and an MEP of the European Green Party told a press conference on Thursday.

LMP co-leader Márta Demeter, Gábor Vágó, the party’s lead candidate in the EP elections, and Dutch MEP Bas Eickhout said that instead on increasing their dependence on foreign energy, member states should invest in sustainable resources.

Demeter called the Paks project undertaken by Russian energy giant Rosatom “dead on arrival”. She insisted that the project was a national security risk and would be loss-making.

She said that the European Commission had greenlighted the project under pressure from several multinational companies that were to profit from it. “The influence of multinationals should be curbed,” she added.

paks lmp energy
Photo: MTI

Eickhout said Russia uses its energy resources as a “political weapon” to influence EU member states and EU policies.

Energy networks that can be implemented independently are needed, he said. Governments, however, hesitate to promote renewable energy resources because citizens can profit from them directly, he said.

Vágó said “the most important thing” was to sweep lobbyists of multinational companies out of the EU.

The energy dependence brought on by the Paks upgrade is not in Hungary’s interest,” he said. Yet “lobbyists” have succeeded in obtaining the EC’s blessing, he added.

Featured image: www.facebook.com/Paks II. Atomerőmű Zrt.

LMP calls for reduction in total energy consumption

factory-energy sector emission caps

The opposition LMP party has called for total energy consumption to be reduced alongside an improvement in energy efficiency, and it wants a state fund to handle the issue.

The green party’s deputy group leader Erzsébet Schmuck told a press conference held to mark World Energy Efficiency Day that in 2017 global energy consumption grew by 2.1 percent and carbon dioxide emissions peaked. Global energy consumption has doubled in twenty years, she added.

The situation in Hungary is even more dire, she said, with primary energy consumption increasing by 3.1 percent in 2017 year on year, while Hungarians use 10 percent more energy than the EU average.

Schmuck said energy household consumption exceeds that of transport and industry, with heating and air conditioning accounting for 75 percent of the household total.

Whereas the government vowed to upgrade 700,000 homes by 2020, only 5 percent of this goal has been reached, she said, calling for the establishment of a state fund to support investments with interest-free loans.

In this way, the poorest could emerge from “energy poverty”, she said.

Over 20 MW solar plant inaugurated next to Hungary’s nuclear power plant

hungary solar plant

A new solar plant built at a cost of 9 billion forints (EUR 28.5m) outside Paks, just a few kilometres from Hungary’s sole nuclear plant, was inaugurated on Tuesday.

With its output of 20.6 megawatts, the new plant will serve some 8,500 households.

In his opening address, Péter Kaderják, state secretary at the innovation and technology ministry, said that the new plant makes Paks “not only the centre of nuclear energy production in Hungary but that of renewable energies, too”.

hungary solar plant
Photo: MTI

The constructor MVM Group has financed 65 percent of the project from its own coffers, and used European Union funding to cover the rest.

Featured image: MTI

This Hungarian guy can save the World with reusable energy

#Tom #Szaky, #Hungarian #CEO of #TerraCycle and #Loop

A Hungarian-born businessman living in Trenton, United States has come up with an excellent idea of a recycling-method shopping system.

A young, 37-year-old man Tom Szaky with Hungarian origins has become a successful business owner of two companies, TerraCycle and Loop. Tom believes that the future of saving the planet and being environmentally friendly is not in recycling, but rather re-using.

What does that mean?
Piacesprofit.hu wrote about Tom’s idea with the ‘milkman example’. In the ’60s in the United States, a milkman would come to a house, bringing a glass of milk that you could use. Tom’s business, Loop is something similar, it is the modern version of a milkman’s services, but with more than 300 products. In his opinion, the future’s best solution in consumption is reusing bags, packets, boxes and bottles.

#Tom #Szaky #Hungarian #entrepreneur , #ceo #usa
Tom Szaky Hungarian entrepreneur, CEO,
facebook.com/tszaky

Recycling is not efficient enough!

A really shocking statistic says, since 1960, only 9% of the all-time produced plastic were recycled. The rest of the plastic waste (91% since 1960) polluted our environment, which is unbelievably sad.

“The use of 100% recycled packaging is not feasible in such global supply systems. Recycling is an industry doomed to failure.” – said Tom Szaky, also in Hungary and in the US.

Szaky’s reputation and the future of Loop

Szaky’s other business, TerraCycle is collecting already used diapers, chocolate packages, cigarette stubs, ash to transform them into usable products.
In 2017, as the CEO of TerraCycle, Tom flew to Davos, Switzerland, when Loop was only a half-idea in his mind.

He was surrounded by the CEO’s of companies like Heineken, Alibaba, Walmart or Protect & Gamble at the conference. Interestingly, the leaders of FMCG corporations (companies producing ‘Fast Moving Consumer Goods’) were the first to sit down and negotiate with Szaky and it was not a coincidence.

Companies such as Nestlé, Unilever, Danone and PepsiCo are more than aware of the fact that their consumers find their products’ packages as polluting waste and they are not happy about it. That is why they sat down with Tom Szaky.

Two years after these negotiations, at the 22nd – 25th of January 2019 World Economic Forum, Szaky announced his new idea of Loop. He said the company will be ‘soft launching’ the service in New York, Paris and London this year and in Toronto, Tokyo and San Francisco in 2020.

#hungary #hungarian #entrepreneur #Tom #Szaky at the World Economic Forum 2019
Tom Szaky at the World Economic Forum 2019, facebook.com/tszaky

What Loop offers:

• The customer opens an account online, add products to the virtual shopping cart.
• Loop delivers 300 products at home, like shampoo, diaper, ice cream, mouthwash, liquid detergent.
• Products will be handed in Loop’s special box, full of reusable jars and bags.
• In the US, the delivery is done by UPS delivery.
• The consumer puts the used jars back (unwashed) to the special Loop boxes.
• UPS gathers the used delivery and TerraCycle cleans and disinfects the jars.
• Delivery is free in case you ordered at least 5-7 products.

Briefly about Tom

He was born in Budapest, but they moved abroad with his family. They lived in Germany, the Netherlands and Canada, then Tom went to Princeton University in the USA, which he eventually has quitted to found TerraCycle instead. The first product was worm manure made of worm excrement. The manure was sold in used plastic bottles. TerraCycle has an expected 32 million USD revenue of 2018. Their headquarter is located in Trenton, New Jersey, where previously many Hungarian emigrants settled down.

Audi and E.ON build Europe’s largest PV roof system in Hungary!

Audi and E.ON build Europe's largest PV roof system

Together with E.ON, Audi is building a solar energy park on the roofs of the two logistics centers of its plant in Győr covering about 160,000 square meters. This will create Europe’s largest photovoltaic system installed on a building at the Audi Hungaria plant in Győr. It will have a peak output of 12 megawatts. Construction work will start in August 2019 and renewable energy generation will start at the beginning of next year.

As part of the joint project with E.ON Hungaria, Audi is providing the roof areas of the two logistics centers, each with about 80,000 square meters, for the construction of the solar energy park.

E.ON will build and put the park it into operation, consisting of 35,000 solar cells, and will continue to operate it, with an annual output of more than 9.5 gigawatt hours (GWh) of electricity.

This corresponds to the annual energy requirements of 5,000 households. Thanks to green electricity from regenerative sources, about 6,000 tons less carbon dioxide will be released into the air.

“We are committed to the economical use of resources and therefore want to keep the environmental impact of our production as low as possible. Approximately 70 percent of Audi Hungaria’s heat requirements are already covered by climate-neutral, geothermal energy. Our goal is to have completely CO2-neutral plant operation in the future. With the construction of the solar-cell park, we are now taking a further step to achieve this in terms of power supply,” says Achim Heinfling, Chairman of the Board of Management of Audi Hungaria.

“Our company is committed to solutions supporting a sustainable future. The widespread use of solar energy is an integral part of this endeavor. We are pleased that E.ON has gained Audi Hungaria’s trust and a new, nearly 25-year partnership has started between the two companies”, Zsolt Jamniczky, E.ON Hungaria’s Board member says.

“We are working consistently towards greater sustainability along the entire value chain,” says Peter Kössler, Board of Management Member for Production and Logistics at Audi AG. “By 2030, we want all our production sites to be climate neutral. The use of renewable energies is an important lever for this.”

E.ON Board Member Karsten Wildberger adds:

“Intelligent energy management is indispensable for companies that want to achieve their sustainability goals. We help customers like Audi to combine climate protection with their business activity – and thus create value for their customers and our society.”

Photo: https://www.eon.com

Hungary’s biggest solar power plant to provide electricity for thousands of people!

Solar power plant in Felsőzsolca

The biggest Hungarian solar power plant was built in Felsőzsolca, Borsod county (~7km from Miskolc). The solar panels can produce an amazing 20 GWh electricity annually, that means they cover an entire year’s power consumption of 10,000 households.

The complex was built by MVM Group’s investment, a national energy group which is planning to construct a similar sized solar power plant in Paks as well, according to Magyarepitok‘s article. The construction was funded 65% by MVM resources and 35% by EU resources, Origo reported earlier. The whole investment costs 9 billion HUF.

The video says that, only in 2018, the construction of more than 110 solar plant systems was launched by the energy group. 74,000 polycrystalline solar panels were installed in Felsőzsolca’s complex that produce the 20 Gigawatthour electricity in a year.

Featured image: www.youtube.com/MagyarÉpítők