Hungarian energy company Alteo Group, in which MOL holds a minority stake, has announced an ambitious regional expansion plan to establish a green energy platform with a capacity of up to 2 GW. The platform will encompass energy production, operation, software, maintenance, storage, and waste management services. Alteo Group is focusing on its home market, Slovakia, Croatia, and Serbia, with additional interest in Romania, the Czech Republic, and Poland.
“Our goal is to become a regional sustainability champion by 2030 and to have our name synonymous with sustainability not only in Hungary, but also in the region,” said Chikàn Attila, CEO of Alteo Group.
Listed on the Budapest Stock Exchange since 2010, Alteo has allocated EUR 2.5 billion for capital expenditure to support this initiative. The company plans to expand through a mix of organic growth and acquisitions, aiming to build a diverse portfolio that includes assets managed for third parties.
This latest move underscores Alteo’s commitment to Central and Southeastern Europe’s energy transition, as the region increasingly embraces renewable energy and sustainable practices. The firm’s strategy positions it as a key player in advancing green energy solutions across multiple markets.
