Solar power gains momentum in Central and Eastern Europe

December 02, 2020

With the Hungarian Energy and Public Utility Regulatory Authority (HEPURA) publishing a list of renewable energy projects that have gone to auction in Hungary, Ferenc Kis, RSK Europe Business Development Director for renewable energy, has been analysing the auction data. Speaking to pv magazine, the largest solar energy publication, Ferenc discussed what the latest bids indicate for the Hungarian renewables sector.

The latest HEPURA procurement exercise includes 255 renewable energy projects that have applied to be contracted at auction, the majority of which are for photovoltaic plants. In the latest figures, the solar tenders were five-times oversubscribed with bids at a record low price, meaning that subsidy-free renewable energy production could become a reality in Hungary.

Speaking to pv magazine about the largest project category, Ferenc said: “If accepted, the lowest bid will be 20% lower than the lowest offer presented in the previous auction of the same kind, which was HUF20.2/kWh and nearly half of the latest fixed FIT of HUF32/kWh under the expired KÁT program.” He added that “out of 255 PV projects, 85 projects are in the largest category for a total power production of 1,900 GWh/year.”

The magazine added that, according to Ferenc, “12 projects were able to bid a lower price than the lowest HUF20.20 in the previous tender just less than a year ago – despite the slide of the euro-forint exchange rate and the pandemic.” Ferenc also discussed the increase in solar trackers in the Hungarian market, which are proposed on 11 projects.

RSK has more than 25 years’ experience supporting the development needs of the energy sector, with a strong and growing presence in Central and Eastern Europe. With the latest renewable energy auction indicating an increase in large solar energy parks across the Hungarian region, RSK is also well placed to provide supporting biodiversity and environmental advice as well as local technical expertise. For more information, please contact Ferenc Kis.

You can read the full analysis article on the pv magazine website.