MOL Group to build solar power plants in three facilities in Hungary

On Friday, March 2, 2018, MOL Group announced plans to build solar power plants in three of its industrial sites located in Hungary.

As the company announced, MOL Group has a long-standing experience in conventional energy production, however, as part of its 2030 strategy it aims to prepare for beyond the fuel age and explore opportunities arising from alternative energy technologies.

The photovoltaic power plants are planned to operate at the total capacity of 18.38 MWp, which is the equivalent to the consumption needs of more than nine thousand households.

The green electricity generated by the solar facilities is expected to eliminate nine thousand tons of carbon dioxide emissions per year. This will contribute to the fulfillment of MOL’s sustainability goals of reducing direct and indirect greenhouse gas emissions as well as increase its earnings from alternative energy sources in line with the company’s Sustainable Development 2020 strategy.

– The photovoltaic plants are for us an excellent way of utilizing the potential of unused areas of our sites, while supporting our commitment to decrease the environmental footprint by reducing carbon emissions from our operations – said Sándor Fasimon, Chief Operating Officer at MOL.

Construction of the solar panels is expected to be finalized by the end of 2018. The facilities will be located in the area of MOL’s three key assets: in the petrochemical plant in Tiszaújváros, in the Danube refinery in Százhalombatta as well as in the Füzesgyarmat facility, and will be connected to MOL's local internal medium voltage distribution networks.

MOL Hungarian Oil and Gas Budapest (Mađarska)

MOL Group

alternative energy

Strategy 2030 MOL

photovoltaic power plants

solar technology

green electrical energy

carbon dioxide

emission of toxic gases

reduction of emission of toxic gasses

harmful gases

greenhouse effect

Dow Jones Sustainability Index

MSCI index

Sustanalytics

Bloomberg

Sandor Fasimon

petrochemical plant Tiszaujvaros

Danube refinery Szazhalombatti

Fuzesgyarmat facility