Hungary is not considered a model country for renewable energies. Prime Minister Viktor Orbán focuses on nuclear energy. About 50 percent of the national electricity demand is generated in a nuclear power plant in the southern Hungarian city of Paks, which is currently being expanded with Russian support by two new blocks and an investment volume of around 12 billion euros.
Expansion of renewable energies lags behind
According to the estimate of the European Commission, the share of renewable energies in electricity generation in Hungary should be around 10 percent in 2018. In order to achieve its self-imposed goal of generating at least 14.65 percent of electricity from renewable energy sources by 2020, the government is focusing primarily on biomass and solar energy. Wind power currently has a capacity of only around 330 megawatts. In 2016 and 2017, no new facilities were added. On the other hand, small solar systems with a capacity of up to 0.5 megawatts are subsidized.
ABO Wind builds first solar project
ABO Wind succeeded in acquiring a solar project with a capacity of six megawatts in 2018, which was still approved according to the old remuneration system (KÁT) valid until the end of 2016 and is entitled to a fixed tariff. ABO Wind is completing the planning and will put the project online in 2019. We are also currently conducting negotiations to take over and implement further solar projects.
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