Search

Solar

Monday
30 Mar 2020

Hungary Allocates 131.4 MW of PV in Renewables Auction

30 Mar 2020  by EMILIANO BELLINI   
The Hungarian Energy and Public Utility Regulatory Authority  has published a list of 72 clean energy projects that it selected in the country’s first technology-neutral renewable energy auction in late October.

All of the winning projects will be based on PV technology, with the sole exception of a 500 MW landfill gas plant based on biomass.

The energy regulator, which originally preselected 186 energy projects for the procurement exercise, has allocated a total of 131.4 MW of solar. That capacity consists of 60 projects, including 42.8 MW of installations ranging in size between 300 kW and 1 MW, and 11 arrays with a combined capacity of 88.6 MW, ranging in size from 1 MW to 20 MW.

The final average price was HUF 24.81 ($0.078)/kWh in the first category and HUF 21.69 ($0.068)/kWh in the second. The lowest bid of HUF 20.20/kWh was submitted for a 20 MW solar plant.

HEPURA will grant 15-year feed-in premium payments to the successful projects to top up wholesale electricity prices. The tender is part of the Hungarian government’s METAR-KÁT renewables incentive program, which was launched in 2017. The European Commission approved the scheme in July. It went into force in October with a 10-year budget of HUF 45 billion.

According to HEPURA’s most recent statistics, Hungary had cumulatively installed around 1.14 GW of solar power by the end of June 2019.

More News

Loading……