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ALTEO International

Regional growth. Hungarian roots.

ALTEO has been present in Hungary since 2008 and is the country's largest aggregator with 2,000+ MW of managed capacity. Listed in the premium category of the Budapest Stock Exchange, ALTEO is now targeting regional expansion — promoting sustainable, green energy in local communities and regional infrastructure.

Introduction

Sustainable, green energy across CEE

ALTEO is present in Hungary since 2008, is the largest aggregator with 2,000 MWs+ of managed capacity, is publicly traded in the premium category of the Budapest Stock Exchange, now targeting regional expansion; promoting sustainable, green energy in local communities and regional infrastructure.

Strategic vision

From Hungarian champion to regional industry leader

Hungarian footprint

Central-Eastern EU presence

Regional expansion into key target markets, leveraging our ownership synergies.

120 MW RES capacity

1,500–2,000 MW renewable platform

2.5–3.5 billion EUR targeted investment to expand our RES capacities.

300+M EUR market cap

Min. 1 billion EUR market cap

Enhancing capitalization through new projects and international fundraising.

Hungarian champion

Positioning as regional industry leaders

Ensuring long-term sustainable presence and shareholder value creation.

Regional strategy

Where we expand

ALTEO's 2025 strategy highlights two main strategic priorities in the region: primary and secondary countries.

Primary — proactive action

Slovakia · Serbia · Croatia

Markets we are actively pursuing for organic build-out, M&A, and aggregation.

Secondary — inbound opportunities

Poland · Romania · Slovenia · Albania · Bosnia-Hercegovina · North Macedonia · Czech Republic

Markets where we monitor and evaluate inbound deal-flow.

Map of Central-Eastern Europe highlighting ALTEO's primary expansion countries (Slovakia, Serbia, Croatia) and secondary countries (Poland, Romania, Slovenia, Albania, Bosnia-Hercegovina, North Macedonia, Czech Republic).
Primary partner: proactive action. Secondary countries: exploring inbound opportunities.

Three steps to a European renewable platform

01
Creating partnerships
Opportunistic market entry and onboarding. Building an international renewable platform; exporting Aggregator and O&M services; beyond Energetics — circular economy solutions.
02
Building on core competences
Reliable partner in several business lines. Leveraging MOL Group's strategic agenda — contributing to a leading European company's Green agenda.
03
Exploiting synergies
Building a European renewable platform on the foundation of shared corporate competences and capital.
Hungary

What ALTEO excels in domestically

ALTEO is the largest aggregator in Hungary with a 2,000+ MW managed PV portfolio, and EPC, O&M, Energy Trading, Circular Economy and Waste Management legs. In short, ALTEO covers the entire electric energy value chain throughout its operations.

ALTEO Hungarian portfolio dashboard: 2,000+ MW Largest Managed 3rd Party Portfolio (45% of total, equal to Paks' capacity); 150 MW wind, 40 MW additional, 72 MW solar Diverse and Extending Portfolio; 90 MW Energy Storage (BESS) until Q2 2026; Comprehensive Solutions covering Production Management Services, Energy Services (O&M and EPC), Energy Trading, Circular Economy & Waste Management — all delivering Security of Supply.
ALTEO — combining reliability and sustainability.
Four legs of ALTEO's Hungarian operation: Energy Production & Production Management (decentralised RES + gas portfolio, pioneer in HU BESS, market-leading balancing/aggregator services); Energy Services (end-to-end O&M, design, development, construction/EPC); Energy Trading (customer-oriented, flexible, scalable, balanced portfolio); Circular Economy & Waste Management (market-leading ESG compliance; second-biggest Hungarian waste management player after the ÉLTEX acquisition end of June 2025).
Four legs of the Hungarian operation — covering the entire electric energy value chain plus circular economy.
2 000 MWe
VPP-managed RES capacity
1 100 MWe+
Built-in balancing capacity management
~120 MWe
ALTEO built-in RES capacity
89 MWe
Energy storage by 2026
Editorial assets pending

Power-plant photography & interactive portfolio map

The client brief requests wind / solar / BESS plant photos, an integrated power-plant timelapse, a balancing & scheduling animation, and an interactive portfolio map with clickable markers. These will populate this section once supplied by marketing.

Going regional

A 1.5–2 GW renewable platform by 2030

By 2030, ALTEO aims to develop and acquire a 1.5–2 GW renewable platform in its primary and secondary focus countries to aid in the green transition and sustainable futures of those countries, and create value through its operations both internationally and domestically.

ALTEO’s strategy highlights two main legs: M&A acquisitions, and services through energy production management.

To understand more about partnership offers, keep reading or click here.

ARTEMIS sub-section deferred

ARTEMIS partnership material is pending the end-April 2026 client meeting. It will land here as a sub-section once supplied.

Ownership & financials

An ambitious strategy backed by strong owners

With an ambitious 2025 to 2030 strategy, ALTEO is expanding via organic growth and acquisitions, leveraging strong owners and capital background. MOL Group owns 39.97% of ALTEO's shares, with Lead Ventures — a private equity and venture capital firm — owning 33.81%; the remainder is free-float or in ALTEO's ownership.

Ownership breakdown: 74% MOL Res, Főnix, Riverland consortium (representing MOL Group and Lead Ventures combined); 5% ALTEO ESOP organization; 21% Free float.
Ownership structure of ALTEO Plc. — the 74% consortium slice represents MOL Group and Lead Ventures combined.
Fiscal year 2024

A successful domestic record

ALTEO has had a very successful development domestically within Hungary, growing to a 300+ M EUR market cap, 261 M EUR revenue, 49 M EUR EBITDA, and a 50 M EUR CAPEX in the 2024 fiscal year, with ALTEO's stock price increasing significantly since its listing on the Budapest Stock Exchange.

261 M EUR
Revenue (2024)
49 M EUR
EBITDA (2024)
50 M EUR
CAPEX (2024)

Tracked on the Budapest Stock Exchange

The strategic shareholders, ALTEO’s executive leadership, and ALTEO’s staff are dedicated to completing the ambitious 2025–2030 strategy. With significant ownership backing and ALTEO’s domestic success, ALTEO’s international team is working on completing the first of many international acquisitions in ALTEO’s history.

ALTEO share price history on the Budapest Stock Exchange (BÉT), 2015–2026: starting near 500 HUF and rising to a current 4,100 HUF close on 02.04.2026, with notable acceleration from 2021 onward and an all-time high around 6,600 HUF in mid-2025.
ALTEO share — Budapest Stock Exchange. Live BÉT issuer page URL pending.
Partner with us

Looking to invest, divest, or co-develop?

ALTEO is actively seeking opportunities for investment in wind, PV, and/or BESS assets in the above countries, aiming for an RtB-to-COD entry. The table below outlines some of ALTEO's strategic preferences as general guidelines.

Strategic-preferences table — PNG export pending

The source asset is an EMF (Windows vector). Once exported as PNG, it ships here as an image with caption (per Locked decision #4, no native HTML table re-creation requested).

Other ideas for cooperation?

Looking to jointly develop or divest?

Reach out to ALTEO’s International Relations team — we welcome conversations beyond the framework outlined above.

Contact us
Team

Meet the International Relations team

Attila Megyimóri (Director for International Relations, left) and Mátyás Tölgyes (International Business Expert, right) together at a presentation event.
Attila Megyimóri and Mátyás Tölgyes.

Attila Megyimóri

Director for International Relations · Since March 2025
Bio

Attila leads the organisational unit responsible for coordinating ALTEO’s international relations and supporting the company’s regional expansion strategy, in line with ALTEO’s publicly announced objectives through 2030. Prior to joining ALTEO, Attila built his career in the energy and industrial sectors, holding senior finance and strategy roles within multinational groups. His previous positions include management roles at MOL Group-affiliated companies and INA Group, where he worked in corporate finance, controlling, and business evaluation functions.

Email + LinkedIn pending

Mátyás Tölgyes

International Business Expert
Bio

Mátyás is involved in the sourcing, assessment and development of international energy opportunities in support of the company’s regional growth strategy. In his current role, he focuses on cross-border renewable energy projects, market analysis, and the evaluation of commercial and regulatory frameworks in Central and Eastern Europe. His responsibilities include supporting project development activities, transaction preparation, and coordination with internal and external stakeholders. Prior to joining ALTEO, Mátyás worked in the United States and France.

Email + LinkedIn pending
Appearances

Panels, conferences, business forums

A live photo gallery will land here once marketing supplies the imagery — each photo with a short caption (event name + date).

Photo set pending

Photos of Attila or Mátyás representing ALTEO at events.

Contact

Let's talk.

Tell us about your project, ownership, asset class, and timeline. Attila or Mátyás will follow up directly.

International Relations

Send a request

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