In March 2021, pv magazine, a monthly trade publication for the international photovoltaics sector, published a feature article co-authored by Ferenc Kis, RSK’s European Business Development Director. The story, published here, outlines the latest Hungarian solar PV auctions, in February 2021, when 210 MW of new capacity was awarded.
In 2017, the Hungarian government opened its internal solar PV market to external investors. The government’s METÁR scheme, the acronym translating as “renewable support scheme”, has had several sub-programmes since its inception. Currently, solar PV projects can secure support through the scheme by successfully bidding in the green premium auction system (in the case of biomass and biogas projects, there is a brown premium system).
“The announcement of the auction is a vital sign for investors facing challenges entering the Hungarian market,” observed Ferenc.
According to data released by the European Commission’s Market Observatory for Energy in its Quarterly Report on European Electricity Markets, solar power’s spectacular rise helped renewables to capture a large share of the EU’s energy mix in the third quarter of 2020. Tellingly, coal has virtually disappeared. The report further details how solar-power generation across the EU rose a record 7 TWh, compared with July–September 2019, to supply 8% of the EU’s total energy requirements. During the same period, Hungarian solar performance rose 73%, year-on-year.
Central and Eastern Europe are on a journey towards net-zero carbon. Renewable energy sources such as wind, solar, biomass and geothermal are helping to reduce carbon emissions across the region. “Hungary presents many opportunities for RSK to expand its offering in Central and Eastern Europe. We already have several ongoing projects in the region and our increased capability makes us fitting partners in a highly competitive market,” commented Ferenc.
RSK has decades of industry experience in producing and supporting environmental impact assessments and consenting, across a range of technologies, including wind, solar PV, hydroelectricity and energy storage. We have excellent relations with industry regulators and planning authorities throughout Central and Eastern Europe, particularly in Poland and Hungary.
To find out more about our renewable energy services, please contact Ferenc Kis.