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Solar Markt Group, a renewables developer headquartered in Budapest, has begun commercial operations at its Hodmezovasarhely facility, which the company describes as the largest hybrid power plant in Hungary, according to pv-tech. The project pairs 70MW of solar photovoltaic capacity with a 40MW/80MWh battery energy storage system and represents the company’s second operational solar PV asset.
The facility was delivered with several international partners. Chinese firms Risen Energy and Sungrow supplied the solar panels and the storage capacity, respectively. US companies Nextpower and Stem Inc provided the mounting structures and the energy management software, respectively, while Hungarian company MaxiContech carried out the construction work.
Solar Markt Group indicated that the Hungarian subsidiary of energy major E.ON would handle commercial optimisation of the electricity generated at the site. Hungarian trading company Green Cloud Platform would manage the sale of that electricity to large enterprises.
The group noted that the project was financed on a purely market basis and would not rely on state support. This contrasts with earlier investments in the Hungarian solar sector, which have depended on some form of state or EU-level support. In April, the European Bank for Reconstruction and Development committed funds to Renalfa IPP’s 450MW solar-plus-storage project in the country.
Hungary has set ambitious goals for its renewable energy sector and its solar industry in particular. The government’s National Energy and Climate Plan aims to raise renewable energy generation from 18% of the country’s electricity generation in 2024 to at least 30% by the end of the decade, with operational solar capacity set to almost double from 7GW to 12GW over that period. Hungary has already recorded strong growth in solar deployments, with operational ground-mount solar PV capacity more than doubling between 2020 and 2023.
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Free Data: Solar Cells and Light-Emitting Diodes — Hungary
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