• Hungary has announced the results of its first technology neutral renewable energy auction
  • A total of 72 projects were selected out of 169 proposals received and 71 belong to solar PV technology
  • Small-scale solar power projects category attracted lowest winning bid of HUF 21.2 per kWh and for large-scale it was HUF 20.2 per kWh

The Hungarian Energy and Public Utility Regulatory Authority (MEKH) has selected 72 proposals under the country’s first technology neutral renewable energy auction. All of these subscribe to solar PV technology, barring one that relates to a gas-fired power plant. It will support these projects with a total subsidy amount of HUF 229 million for a period of 15 years.

Altogether the projects are expected to generate 193 GWh of clean power annually. MEKH pointed out that all winners for the solar power plants are local Hungarian small and medium enterprises.

Of the winning projects, 61 projects were selected in the small power plants category with 300 kW to 1 MW capacity and 11 in the large power plant category of 1 MW to 20 MW. The lowest winning bid in the small power plant category came in at HUF 21.2 ($0.065) per kWh and that for large scale power plants was even further down at HUF 20.2 ($0.062) per kWh. Altogether, 131 MW of solar capacity was awarded. Details of the auction results can be viewed online on MEKH’s website.

The tender was originally launched in October 2019 and it had attracted proposals for 349 MW. Of the 169 proposals MEKH received till January 2020, 168 came in for solar PV representing 348.5 MW.