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.
Solar expansion picks up speed
In 2018, renewable energies accounted for around 10 percent of Hungary's electricity generation. In order to achieve its self-imposed target of generating at least 14.65 percent of its electricity from renewable sources by 2020, the government is relying on biomass and solar energy.
Indeed, Hungary is becoming increasingly important as a solar market. In 2019, 653 megawatts were newly connected to the grid (2018: 410 megawatts). At the end of 2019, Hungary thus had a total installed solar capacity of 1,450 megawatts. The Solar Europe Association expects further expansion to more than 3,700 megawatts by 2023.
Wind energy currently has a capacity of only around 330 megawatts. No new wind turbines have been added in the past four years.
ABO Wind builds second 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). In April 2020, we commissioned a second solar project with 6.5 megawatts peak installed capacity (5.2 megawatts connected load) (see press release). In addition, we are currently working 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.