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Hungary

Photon closes €13m refinancing for Hungarian solar projects

Ten arrays commissioned in the last four months, with a total generation capacity of 14 MWp, have been refinanced with a 15-year loan.

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EU records annual rise of 7 TWh in third-quarter solar output

European renewables, including Spanish solar, made big gains as energy demand recovered before the second wave of Covid infections. Nuclear was a notable loser, in part because clean energy volumes in the north of the continent drove down power prices sufficiently to make reactors uncompetitive.

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Bulgaria and Romania set to be EU solar hotspots

Each of the nations, like Greece, will have gigawatt-plus solar additions in 2024, according to Solarpower Europe, enough to carve out a 3% slice of an anticipated 35 GW regional market.

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100 MW solar park comes online in eastern central Europe

The solar plant is located in Kaposvàr, southwest Hungary, and will sell power at €0.09/kWh under the country’s feed-in tariff regime.

Meyer Burger and Ecosolifer sign settlement agreement on heterojunction cell line

The two companies have concluded a settlement after several years of stalling. Ecosolifer will pay for part of the cell production line ordered in 2015 but Meyer Burger will incur a net loss of almost CHF2 million.

Long-term assessment of PV panel degradation under hot, humid tropical climates

A Dutch-Hungarian research team has measured, for 12 years, the degradation rates of PV modules installed in an off-grid system located in Ghana. It found that the panels had an average annual decline in power yield of 3.19%.

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Hungary’s second renewables auction attracts lowest bid of $0.0523/kWh

According to the Hungarian authorities, 253 of the procurement exercise’s 255 pre-selected projects are for photovoltaic plants. Around 390 GWh will be contracted in an auction that has been significantly oversubscribed.

Hungarian utility concludes own 300 MW PV auction

Power company MVM will add new generation capacity to the 100 MW of solar it already operates in its homeland.

Will a watered down EU Just Transition Fund still be effective?

The EU Council has rejected a Covid-inspired European Commission proposal for a €40 billion warchest to help coal-dependent regions shift to renewables, with the heads of member states instead allocating €17.5 billion. Despite the final figure being €10 billion higher than that suggested by the commission before coronavirus battered Europe, questions have been asked about how useful the program will be.

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Battery manufacturing capacity set to increase fourfold to 1.3 TWh by 2030

Analysts at Wood Mackenzie have looked at plans for the incoming decade and concluded that about 119 manufacturing sites will be up and running by 2030. China currently sits firmly in the driving seat, with Asia Pacific comprising 80% of global manufacturing capacity, but Europe is catching up.

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