Hungary

Europe on track for decade-topping 16.7 GW of new solar this year

Trade body SolarPower Europe’s preliminary statistics suggest this could be the continent’s best year for PV since 2010, with capacity additions set to soar 104% year on year. Spain is leading the way with an expected 4.7 GW of new solar, followed by Germany, with 4 GW.

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Renesola exits Vietnam, India and Korea

The Shanghai-based project developer – which will soon relocate to the U.S. – says the profit margins are not high enough in those markets and has cancelled its project pipeline in the nations. The company has also changed its CEO after less than five months and is on a drive to reduce capital costs.

Hungary launches first renewables auction and tops 1.1 GW of solar

The EU member state added 418 MW of new solar in the first six months of the year and its energy regulator expects another 1.4 GW in the years ahead, as a result of the METAR incentives scheme introduced in 2017. The regulator has also announced a pilot renewables auction with the results expected early next year.

Jinko launches Tiger module Down Under

The Chinese manufacturer has officially unveiled its high-efficiency product in Melbourne after celebrating a 13.6 MW panel order from the nascent Hungarian PV market.

Greece and Hungary pledge to phase out coal

Athens-based policy group The Green Tank labelled Greece’s decision “historic” while Europe Beyond Coal, an alliance of civil society groups working to make Europe coal free by 2030 said Hungary should target a more ambitious 2025 phase-out.

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Rooftop PV has reached grid parity in main EU markets

Researchers have developed a high-resolution geospatial method of assessing the solar potential of all buildings in the EU and concluded rooftop PV could provide a quarter of the bloc’s electricity needs. The scientists say grid parity for rooftop solar has been reached outside eastern member states with cheap fossil fuel electricity.

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Japan’s Toray to manufacture battery components in Europe

Japanese materials company Toray has announced plans to open a facility for manufacturing battery separator films for use in lithium-ion batteries. The factory is expected to begin operations in July 2021 and will increase Toray’s production material for the component by around 20%.

Hungarian oil and gas provider MOL enters the hydrogen business

The fossil fuel company will partner with Slovakia’s InoBat to develop hydrogen-related projects in central and eastern Europe. Sourcing and supply of hydrogen will be the main focus of the cooperation.

Hungary deployed more than 400 MW of solar in 2018

The nation had a record year for solar energy development. Most of last year’s new additions – 320 MW – came through a FIT scheme but a further 90 MW was represented by net metered installations. Hungary’s cumulative installed PV capacity reached around 700 MW in 2018.

EU wants to know more about Eon’s bid to acquire Innogy

According to the Brussels authorities, the transaction could affect competition in the electricity and gas sectors. EU competition commissioner Margrethe Vestager wants to ensure there are no price increases as a result of the proposed takeover.

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