European Chemical Industry News & Insights

Veolia Acquires Szakoly Biomass Power Plant in Hungary

At a glance
  • The Szakoly power plant, operational since 2009, produces 130 GWh annually.
  • The plant employs 55 people and may explore cogeneration for heating greenhouses.
  • In 2015, 10.5% of Hungary's electricity was from renewables, with biomass at 52%.
  • Veolia's acquisition of DBM Zrt. from NRG Power Szakoly Kft. was approved by competition authorities.

Overview

The Szakoly power plant, operational since 2009, generates electricity by burning woodchips and sawmill by-products. With a capacity of 19.8 MW, it produces 130 GWh annually, enough to power 50,000 Hungarian households.

Strategic Acquisition

Veolia has acquired the Szakoly biomass power plant, enhancing its renewable energy portfolio in Hungary. This acquisition strengthens Veolia's presence in eastern Hungary, where it already operates the Debrecen and Nyíregyháza power plants.

Operational Goals

The plant employs 55 people, and future plans include exploring cogeneration to use the heat produced for heating greenhouses in collaboration with local fruit and vegetable producers. The goal is to manage the plant efficiently and successfully in the long term.

Renewable Energy Contribution

In 2015, 10.5% of Hungary's gross electricity production came from renewable sources, with biomass accounting for 52% of this. The continuous operation of the Szakoly plant will help Hungary achieve its target of 14.65% renewable energy in gross energy production by 2020.

Regulatory Approval

Veolia Energy Hungary Co. Ltd. acquired DBM Zrt. from NRG Power Szakoly Kft., with the transaction approved by competition authorities.