Hungary’s Alteo Seeks Major Renewable Energy Push Across Region
- Chief executive sees possible transaction as soon as this year
- Firm is best performer on Budapest stock exchange in January
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Hungarian energy provider Alteo Nyrt. plans to expand into Slovakia, Croatia and Serbia as it seeks to massively scale up its renewable portfolio.
The company aims to build a “green platform” of as much as 2,000 megawatts by 2030, according to its five-year strategy, released Thursday. It’s also considering expanding into other nations including Romania and the Czech Republic.