Hungary’s solar power capacity has seen remarkable growth, increasing 12-fold in just five years and doubling in the past two years, according to the Ministry of Energy. This significant expansion has already surpassed the country’s 2030 goal of 6,000 MW under the National Energy and Climate Plan. As a result, Hungary has raised its target to 12 GW by the start of the next decade.
As of November 2023, solar capacity stood at 4,030 MW, marking a twelve-fold increase since 2018. The Ministry noted that large-scale solar installations, which exceeded 2,000 MW in 2022, reached 3,000 MW by the end of last year. Peak quarterly production reached 3,346 MW in August 2023. In 2022, a record 776.8 MW of solar plants over 50 kW were installed, and by November 2023, an additional 728.5 MW had been added, indicating that this record could be surpassed by the end of the year.
Including solar projects by automotive manufacturers, Hungary’s industrial-scale solar plants now total 4,758 MW. This year alone, the country has seen over 1 GW of large-scale solar capacity added, underscoring its rapid progress in renewable energy.
Hungary’s initial target of 6,000 MW was achieved six years ahead of schedule and has been exceeded by over 20%. Consequently, the Ministry has updated its National Energy and Climate Plan, aiming for a new target of 12,000 MW by 2030. This expansion is part of Hungary’s broader goal to become a leader in green energy production and storage, enhancing energy security and helping the nation meet its climate goals.
In 2023, fossil fuel-based energy production is expected to decline by 18%, while renewable energy generation is projected to increase by 150%.
