Hungary utility completes country’s largest solar plant

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Credit: MVM

Hungarian utility MVM Group has competed Hungary’s largest solar project standing at 20MW capacity in Felsőzsolca.

Other larger PV projects are under development in Hungary including plants 11.6MW21MW and 41MW capacities.

The MVM Group plans to build 110 solar power plants under seven projects with a combined capacity of more than 100MW in Hungary over the coming years.

The new Felsőzsolca Solar Power Plant, costing nearly HUF9 billion (US$32 million), is MVM's first such project and was built across 45 hectares of land. The utility financed 65% of the project from its own funds, with the remaining 35% coming from the EU. The project was implemented by MVM's subsidiary, MVM Hungarowind.

Nearly 74,000 multicrystalline solar panels were installed at the power plant, which will generate 21GWh of electricity per year on average, equivalent to the annual electricity consumption of around 10,000 households.

Dr Edit Juhász, undersecretary of state for National Financial Services and Utility Services, said: “The development of energy generation based on renewable sources greatly contributes to the security of energy supply in Hungary, but one of the fundamental goals of domestic energy generation can also be fulfilled with its help, i.e. to meet the European Union’s and international climate protection and climate policy objectives. The photovoltaic power plants to be built in the country will fully fit into our energy goals relating to the establishment of a climate-friendly energy sector.”

“The Hungarian energy policy aims to provide clean, smart and affordable energy for all, thus helping to create a decarbonised economy and to strengthen the security of supply and competitiveness. This includes greening the electricity sector, spreading local energy generation and the possibility of introducing digital solutions in vast numbers,” added Dr Barbara Barbara, undersecretary of state for Climate Policy.

Credit: MVM

Read Next

July 20, 2021
Spanish developer Grenergy has added three new directors to its team with the aim of accelerating its European energy and storage operations
July 14, 2021
European Union (EU) countries may need to ramp up renewables deployment in the next decade to meet new proposed targets aimed at reducing greenhouse gas emissions across the bloc.
July 8, 2021
Italy’s transmission system operator Terna will invest €18.1 billion (US$21.4 billion) in the next ten years to strengthen the country’s grid and support the integration of new clean energy projects.
July 5, 2021
Australia’s electricity markets are undergoing a profound transformation from a centralised system of large fossil fuel plants towards an array of smaller-scale, widely dispersed solar and wind generators, grid-scale batteries and demand response, according to a new report from the Australian Energy Regulator.
July 2, 2021
Malaysian utility company Tenaga Nasional Berhad (TNB) yesterday launched Vantage, a renewable energy investment and asset management company
June 25, 2021
Indian conglomerate Reliance Industries will construct an integrated PV module factory and look to enable more than 100GW of solar by 2030 as part of a US$10.1 billion clean energy plan.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021
Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK