• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 21st, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
Home
Roi: Reuters Open Interest

Solar gives Hungary's power system vital cover from nuclear fallout

August 21st, 2026 | 06:00 AM ROI: Reuters Open Interest 4

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

Trading Day: Can't get no relief 
Energy Watch: Oil squeeze is just getting started
Morning Bid: Twist and shout
The Iran war energy crisis is just getting started
By Gavin Maguire

Record solar output is helping to shield Hungary's power system from the worst effects of the forced cutbacks at the country's only nuclear power plant, demonstrating that renewables can provide a critical layer of resilience in ​power systems.

Hungary's Paks nuclear plant — which generates nearly half of the country's electricity — was forced to drastically lower output this month following a ‌drop in water levels on the Danube River, which is the plant's main source of cooling water.

Output from the Paks reactors so far in August is down by more than 80% from July's average, data from LSEG showed, placing heavy strain on the East European economy's power grid.

However, thanks to record-high output from solar farms that is up nearly 20% year-over-year in August, total ​power output is down less than 3% compared to average.

The solar contribution is preventing blackouts while reducing both electricity imports and fossil fuel that ​would otherwise make up the nuclear shortfall.

The episode is highlighting how renewable energy has become a way to increase reliability as ⁠well as a source of clean power, giving electricity systems a crucial buffer when conventional generators are forced to cut output.

RUNNING DRY

The Paks reactor is one of ​several European nuclear plants that have been affected by drought and heatwaves this year.

The Kozloduy Nuclear Power Plant, which provides around 35% of Bulgaria's electricity needs, has also been ​forced to cut capacity, while several reactors in France — Europe's top nuclear power producer — have also had to reduce generation as cooling water became scarce.

The Paks plant in Hungary faced a critical situation earlier this month as water levels on the Danube plumbed historic lows of less than 1 foot (30 cm) in areas near Budapest, according to data from LSEG.

However, emergency engineering work to ​boost river levels near the plant helped avert a complete reactor shutdown, and as of Wednesday two turbines continued to operate at the plant.

SOLAR SAVE

Output from the Paks ​nuclear plant has tumbled from an average of around 1,700 megawatt hours per hour (MWh/h) from January through July to around 312 MWh/h so far in August due to the cooling ‌water shortages, ⁠LSEG data showed.

That nearly 82% plunge in production would normally trigger massive Hungarian electricity imports as well as steep increases at Hungarian power plants that burn gas and coal.

This year, however, sustained high production from Hungary's solar farms, supplemented by the country's fast-growing battery energy storage capacity, have kept overall electricity output levels largely steady.

Solar production during August has so far averaged around 1,418 MWh/h, which compares to an average of around 1,150 MWh/h in August 2025 and around 925 MWh/h for the first ​seven months of the year.

That solar swell ​has allowed solar plants to account ⁠for a record-high share of more than 55% of Hungary's generation mix at times this month, just as nuclear's share of the power mix fell from its long-term average of around 50% to less than 10%.

Of perhaps equal importance is the ​lesson that has come from solar's enhanced status within Hungary's power mix: That renewables can offer system-saving stability when conventional ​generation sources fail.

As drought ⁠has curtailed the country's largest source of electricity, solar is proving to be far more than an emissions-cutting technology. It is proving to be a dependable source of backup when the system needs it most.

And as drought increasingly constrains nuclear generation across Europe, other power systems may find in Hungary's solar experience a compelling example of how renewable ⁠energy can help ​safeguard electricity supplies when traditional sources come under stress.

The opinions expressed here are those of the author, ​a columnist for Reuters.

Enjoying this column? Check out Reuters Open Interest (ROI), your essential new source for global financial commentary. Follow ROI on LinkedIn and X.

And listen to the Morning Bid daily podcast on Apple, Spotify, or the Reuters app. Subscribe to ​hear Reuters journalists discuss the biggest news in markets and finance seven days a week.

  • Topic
  • Hungary
  • POWER/NUCLEAR (ROI, COLUMN, PIX, GRAPHICS)
Facebook Twitter Google+ LinkedIn Pinterest
Previous article Trading Day: Can't get no relief 

Related Posts

ROI: Reuters Open Interest
August 20th, 2026

Trading Day: Can't get no relief 

ROI: Reuters Open Interest
August 20th, 2026

Energy Watch: Oil squeeze is just getting started

ROI: Reuters Open Interest
August 20th, 2026

Morning Bid: Twist and shout

ROI: Reuters Open Interest
August 20th, 2026

The Iran war energy crisis is just getting started

ROI: Reuters Open Interest
August 20th, 2026

China boosts imports of Russian crude, stymieing India's refiners

ROI: Reuters Open Interest
August 19th, 2026

Trading Day: Bessent makes his mark 

The Wire
Aug 21st 3 h ago
Media & Telecom

Killing of Guinea-Bissau rapper sends opposition undergroun...

Aug 21st 3 h ago
Environment

Europe's hottest town says climate change is reshaping dail...

Aug 21st 3 h ago
Asia Pacific

A date on the calendar could shape the BOJ's endgame on int...

Aug 21st 3 h ago
ROI: Reuters Open Interest

Solar gives Hungary's power system vital cover from nuclear...

Aug 21st 3 h ago
Cricket

Bangladesh coach Simmons wary of wounded Australia in secon...

TRENDING ON FINANCETIME
Aug 21st, 2026 Sports

NFL preseason roundup: Raiders overcome Fernando Mendoza's pick-6

Aug 21st, 2026 India

India to give Canada's Fairfax two years to consolidate holdings for IDBI Bank deal, sources say

Aug 21st, 2026 Finance

MPS launches all-share offers for Banco BPM, Banca Generali

Aug 21st, 2026 Europe

Russia is ready for new ideas on Ukraine peace, but with conditions, senior diplomat says

Aug 21st, 2026 Sports

Back on the mat in new professional promotion, Burroughs dreams of Olympic return

Markets-Sectors
INDUSTRIALS -1.20%
FINANCIALS -0.92%
HEALTHCARE -1.87%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT