Hungary utility completes country’s largest solar plant

Facebook
Twitter
LinkedIn
Reddit
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.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

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
2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

July 14, 2025
ACWA Power has signed power purchase agreements (PPAs) with Saudi Power Procurement Company (SPPC) for five solar PV projects in the country.
July 14, 2025
Elements Green has secured €80 million (US$93.5 million) in financing from Danish investment firm Copenhagen Infrastructure Partners (CIP).
July 14, 2025
Solar and storage developer MN8 Energy has raised US$575 million to refinance three PV projects in North Carolina, Kentucky and Illinois.
July 14, 2025
OpenSolar has launched a new model to help US rooftop solar installers reduce costs and thrive despite the loss of the 30% IRA tax credit.
July 11, 2025
Sabanci Renewables, the North American subsidiary of Turkish conglomerate Sabanci Holdings, is building a 156MWdc solar project in McLennan County, Texas.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK