How much does solar cost in Hungary?

Solar was particularly successful in Hungary's first three procurement exercises. In the third auction, HEPURA contracted 299 GW and allocated 183 MW of PV capacity. For the small PVPP category – for installations between 300 kW and 1 MW – the final average price was HUF 21.26/ kW h.

Why is solar power growing in Hungary?

Solar power in Hungary has been rapidly advancing due to government support and declining system prices. By the end of 2022 Hungary had just over 4,000 megawatt (MW) of photovoltaics capacity, a massive increase from a decade prior. Relatedly, solar power produced 12.5% of the country's electricity in 2022, up from less than 0.1% in 2010.

How much solar power will Hungary produce in 2022?

Relatedly, solar power produced 12.5% of the country's electricity in 2022, up from less than 0.1% in 2010. In 2023, the country's Minister of Energy, Csaba Lantos, predicted Hungary's target for 6,000 MW of PV capacity by 2030 would likely be exceeded twice over, hitting 12,000 MW instead.

How big is solar power in Hungary?

Solar momentum is building in Hungary with almost 4 GW of generation capacity, more than 2.5 GW of which is from arrays bigger than 50 kW in scale, according to data published in December by the Hungarian Energetic and Public Utilities Regulatory Authority. Attila Keresztes, CEO of Astrasun Solar.

How big is a photovoltaic power station in Hungary?

Photovoltaics (PV) are expected to grow dramatically in the next few years. Biggest Photovoltaic power stations of Hungary. Red: ≥15MW p; Blue: 15MW p -10MW p. ^ "Photovoltaic Barometer 2023".

How much does Hungarian energy cost?

The Hungarian Energy and Public Utility Regulatory Authority (HEPURA) has published the results of the country’s fourth tech-neutral renewable energy auction, which was launched in March. The final average price came in at HUF 25.16 ($0.062)/kWh.