Bulgaria: Kozloduy nuclear power...

Unit 6 of Bulgaria’s only nuclear power plant, Kozloduy, continues to experience issues...

Greece achieves record electricity...

Greece recorded a historic electricity export performance in the first half of 2025,...

Bulgaria threatens to withdraw...

State-owned Bulgarian Energy Holding (BEH) has expressed concerns about the Black Sea submarine...

Bosnia and Herzegovina: FBiH...

The Government of the Federation of Bosnia and Herzegovina (FBiH) has approved a...
Supported byClarion Energy
HomeSEE Energy NewsHungary, MVM announced...

Hungary, MVM announced that it plans to build 28 solar power plants

Hungarian state-owned power utility MVM announced that it plans to build 28 solar power plants with the capacity of 0.5 MW each.

The plan is in line with MVM’s mid-term strategy which aims to accelerate the development of renewable energy projects in Hungary in accordance with the 2050 climate goals and the country’s green transition.

The estimated cost of the investment amounts to some 17.3 million euros. The project will receive 5.4 million euros of financial support under the EU’s Environmental and Energy Efficiency Operative Program, while the rest is financed by MVM’s own resources. It is expected that the solar power plants will be put in operation next year.

Solar energy saw a significant increase in Hungary in recent years and it will have a crucial role in achieving the country’s climate goals. Hungary passed the target to become climate neutral by 2050 into law and the Government’s strategy to achieve this mostly relies on nuclear and increased solar capacity.

Besides the commissioning of the two new reactors at nuclear power plant Paks, Hungary expects solar capacities to rise to over 6 GW by 2030, with solar capacity surpassing the 3 GW mark this April.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Bulgaria: Kozloduy nuclear power plant’s Unit 6 faces ongoing steam generator issues, investigation underway

Unit 6 of Bulgaria’s only nuclear power plant, Kozloduy, continues to experience issues with one of its steam generators, according to Nuclear Regulatory Agency Chair Tsanko Bachiyski. The problem affects just one of the eight generators in operation, but...

Region: Hungary’s MOL to boost oil supplies to Serbia amid U.S. sanctions

Hungarian Foreign Minister Peter Szijjarto announced that MOL will increase crude oil and fuel supplies to Serbia following U.S. sanctions on the Serbian oil sector. He emphasized that MOL’s key role in Serbia’s supply chain ensures additional deliveries, though...

Greece achieves record electricity exports in first half of 2025

Greece recorded a historic electricity export performance in the first half of 2025, with export volumes reaching 571 GWh from January to June, according to transmission system operator ADMIE. This represents a sharp rise compared to just 22 GWh...
Supported byVirtu Energy
error: Content is protected !!