As part of our dedication to emerging solar markets worldwide, we are delighted to announce the Solar Market Briefing Hungary.
Hungary is taking big steps towards solar power energy. The installed capacity of solar power plants has increased almost tenfold in Hungary in five years (2016-2020) and this trend will continue in the future. With an addition of 553 MW, the cumulated solar PV installed capacity in Hungary reached around 2 GW by the end of 2020.
And the future outlook is positive – according to the Hungarian energy strategy, the government aims to have at least 200,000 households with an average of 4 kW solar modules by 2030. This means a 400 MW of added capacity to the residential segment until 2025 and almost a 15 % of the annual PV installations until then. The main driver for the market is the current METAR scheme through renewable energy auctions. Winning projects will still have a 3-year deadline for the completion of the projects. Therefore, EUPD Research predicts that Hungary passes a 3 GW threshold by the end of 2022 and make a decent sprint for the 6.5 GW PV target (2030) by 2025 when the country will have reached more than 5 GW of PV capacity.
Join us for one hour of compelling market intelligence shared by distinguished experts. The event covers a macro view on the status quo and future predictions for Hungary as well as first-hand insights highlighting the international developers and investors view.