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
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. Wind energy currently has a capacity of only around 330 megawatts. No new wind turbines have been added in the past three years. On the other hand, in particular small solar plants are being promoted.
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
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