MOL Group to build solar power plants in three facilities 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.
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