Why do Hungarian companies invest in solar power plants?
It is a strategic goal of the Hungarian government to increase the share of renewable power generation. Consequently, the domestic regulatory environment supports utility-scale solar power plants. The current energy prices make the investment profitable for many industrial companies as well.
Will Hungarians reach 6 GW of solar power by ?
Only a few years ago, the Hungarian National Energy Strategy set the then ambitious target of reaching 6 GW of solar power capacity by . By early , that target had already been achieved, as the gross capacity of PV installations doubled within only two years.
How has Hungary progressed in the development of solar energy?
Hungary has made significant progress in the expansion of solar energy in recent years, both in the area of private solar installations and in the construction of large industrial solar power plants.
How big is the photovoltaic system in Hungary in ?
At the end of , the installed capacity of photovoltaic systems in Hungary was already 5.6 GW, which means an increase of more than 100% within just a few years. In , expansion was around 1.6 GW, which represents an increase of 45% compared to .
How much solar power does Hungary have?
“The numbers speak for themselves”: Hungary will have achieved a total solar capacity of over 5,500 megawatts (MW) by the beginning of November , with this capacity being made up of two main areas. Around 3,300 MW are accounted for by industrial solar power plants, which are used for large-scale energy supply.
Is Hungary a good country to install solar power?
Compared to other European Union countries, Hungary is not yet at the top in terms of installed solar capacity, but has shown considerable growth in recent years. Countries such as Germany, Spain and Italy have significantly larger capacities, but Hungary is rapidly catching up.
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