Will Hungary build a solar factory in Northern Hungary?

There are plans to open a factory dedicated to building solar panels in Northern Hungary, representing an investment of 18.9 billion forints (nearly 6,000,000 USD). This new rapid growth can be attributed to Hungary choosing to follow in the footsteps of the European Union, which hopes to have 30+ percent renewable energy by 2030.

Does Hungary have a solar energy program?

Hungary’s advancements in its solar energy program are evident in how quickly the highest capacity solar power plants have been outdone by newer plants, as shown throughout the article. Hungary is currently experiencing rapid advances in solar power.

What is the largest solar power plant in Hungary?

The Mátra Solar Power Plant in Visonta was completed in 2015, and it spans 30 hectares (around 0.12 square miles). Its total capacity is 16 MW, allowing it to power 9,000 homes. Until 2019, it was the second-largest solar power project in Hungary.

Why do Hungarian companies invest in solar power plants?

It is a strategic goal of the Hungarian government to increase the share of renewable power generation. Consequently, the domestic regulatory environment supports utility-scale solar power plants. The current energy prices make the investment profitable for many industrial companies as well.

Why is Hungary a good place to buy solar panels?

Moreover, with interconnectivity now at 55%, Hungary is well-positioned for regional power trade, further boosting overall reliability. Consulting Service Turnkey Service We can help you start your own solar module production company.

Is solar power a viable option in Hungary?

Solar power has unique potential in Hungary, where 1950 – 2150 sunny hours offer the potential for 1,200 kWh/m2 per year, greater than numerous other European nations. Other renewable energy solutions, like hydroelectric power, are less viable in the area.