MOL Group to open three solar power plants in Hungary

Hungarian oil and gas company MOL Group is set to build three photovoltaic (PV) solar power plants at three of its industrial sites situated across the country.

To be situated in the company’s petrochemical plant in Tiszaújváros, in the Danube refinery in Százhalombatta, and in the Füzesgyarmat facility, the plants will have total capacity to generate 18.38MW of power.

MOL plans to complete construction of the plants by the end of the year. Once completed, the facilities will be connected to the company’s local internal medium voltage distribution grids.

The electricity to be produced by the proposed plants is anticipated to eliminate 9,000t of carbon dioxide emissions annually.

MOL Group chief operating officer Sándor Fasimon said: “The project is a true reflection of our ambition to become one of the leading innovators in the region, envisioned in the 2030 strategy.

“At MOL we recognised that solar power will play an important role in the future energy systems, and thus we started to build our industrial capabilities by tapping into this dynamically growing business.

“The photovoltaic plants are for us also an excellent way of utilising the potential of unused areas of our sites, while supporting our commitment to decrease the environmental footprint by reducing carbon emissions from our operations.”

With the proposed plants, MOL also aims to fulfil its sustainability goals of reducing direct and indirect greenhouse gas emissions as well as increase its earnings from alternative energy sources.