Photovoltaic panel power station in Budapest

Will photovoltaics take off in Hungary?

Photovoltaics is also set to take off in Hungary - the government in Budapest has set itself this goal as part of the EU-wide expansion of renewable energies. For this purpose it is promoting the construction of new solar parks. Iqony Sens is supporting this course for more green electricity from solar power.

What is the largest solar power plant in Hungary?

The Mátra Solar Power Plant in Visonta was completed in 2015, and it spans 30 hectares (around 0.12 square miles). Its total capacity is 16 MW, allowing it to power 9,000 homes. Until 2019, it was the second-largest solar power project in Hungary.

What percentage of Hungary's energy is solar?

In 2020, solar photovoltaic power made up 5.3 percent of Hungary's energy mix, a figure that jumped to 9.4 percent in 2022. The power plant, which started operating in January 2021, has become one of the largest photovoltaic power stations in the country.

How many solar PV parks are there in Hungary?

SENS is building eight PV parks in Hungary, which will have a capacity of 65 MWp. From 2021, 7.8 GWh of green electricity will then flow annually. Find out more!

Will Hungary build a solar factory in Northern Hungary?

There are plans to open a factory dedicated to building solar panels in Northern Hungary, representing an investment of 18.9 billion forints (nearly 6,000,000 USD). This new rapid growth can be attributed to Hungary choosing to follow in the footsteps of the European Union, which hopes to have 30+ percent renewable energy by 2030.

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.