Hungary still has some way to go with the transition to an eco-friendly energy supply. 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 acquired its first solar project with a capacity of six megawatts in 2018, completed the planning and connected the park to the grid in 2019 (see press release). We are currently working on further 40 megawatts, which, like the project already constructed, are entitled to a fixed electricity tariff under the former KÁT subsidy system, as well as on other projects at an earlier stage that are eligible for participation in future auctions.
For information in Hungarian, please click here: www.abo-wind.hu
ABO Wind Hungary KFT
Arany János utca 16. 2. em. 1.