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Aug 23, 2017

Hungarian government provides financial support to build two solar energy plants

The plants will produce almost 155,000 gigajoules of renewable energy a year and reduce emissions of greenhouse gases by some 42,000 tons each year

The government is providing 6.4 billion HUF (21m EUR) in financial support to a unit of Hungarian energy company MVM to build two solar energy plants, it has been revealed.

According to MTI, Hungarowind Szélerőmű will receive 3.2 billion HUF for a solar plant in Orsozlány, and 3.1 billion HUF for a plant in Felsőzsolca, in north-eastern Hungary.

According to officials, the plants will produce almost 155,000 gigajoules of renewable energy a year and reduce emissions of greenhouse gases by some 42,000 tons each year.

In June, we revealed how the Hungarian Energy and Public Utility Regulatory Authority (MEKH) said that commercial solar power capacity in Hungary could rise to 2,100 MW by the end of 2018.

MEKH noted that solar power plants operate on average for 1,050-1,200 hours per year in Hungary, generating enough power for 250 households for each half a megawatt of capacity.

MEKH said that in 2015, commercial power generation capacity using renewable resources stood at 837 MW.