Hungary - Latest News
In Hungary, the UniCredit Mortgage Bank issued HUF 15 billion covered bond with a 5 years-term. The EBRD supported the issuance an investment by € 13 million, which supports the Hungarian economy to fund green projects in accordance with the EBRD Green Economy Transition approach.
The winners of Hungary`s first technology-neutral renewable power auction were announced. MEKH decided about EUR 3 Mio under the renewable power support scheme. The tender is part of the Hungarian government’s METAR-KÁT renewables incentive program, which was launched in 2017 by the Hungarian Government.
On 8 January 2020, ReneSola Ltd entered into an agreement and sold its 15-MW solar portfolio in Hungary to the Danish investor Obton. The portfolio includes 25 solar farms under development in 3 locations.
Photon Energy Solutions completed and grid-connected 8 PV power plants with a total installed capacity of 5.6 MW in Monor, Hungary. It extends the company`s portfolio of PV power plants to 44.8 MW.
Photon Energy NV built and connected to the grid 8 solar photovoltaic plants totalling 5.5 MWp in Almásfüzitö, Hungary. The plants expanded the group’s PV portfolio to 37.1 MWp, Their combined output is projected to be 6.8 GWh/year.
E.ON and Audi is building a 12 MW PV rooftop installation on two logistics centers of its plant in Győr, with the aim of a C02-neutral plant operation.
The solar project developer ReneSola Ltd closed a bridge finance deal with Eiffel Energy Transition Fund for 96.3 MW of solar projects to be located in Hungary and Poland.
EUR 48.2 million under the Connecting Europe Facility (CEF) were recently approved in order to help the Slovenian transmission system operator ELES to construct power lines between Slovenia and Hungary.
The Government has approved the establishment of the Western Balkans Green Center, under a cooperation project supported by the Ministry for Innovation and Technology of Hungary, which aims to support the green transition in six countries such as Albania, Bosnia and Herzegovina, Kosovo, Macedonia, Montenegro, and Serbia.
In the recent years the number of household plants and their built in capacity continued to increase, it represented 99.4 % of the total built in capacity, according to the Hungarian Energy and Public Utility Regulatory Authority (HEPURA).
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