Hungary’s largest solar power plant goes online
8 June 2023
The Hungarian government has announced that a 233 MW solar power plant has begun commercial operations in the municipality of Mezőcsát, in Borsod-Abaúj-Zemplén county, northern Hungary.
“Hungary imports 76% of its energy, and reducing the reliance on natural gas and increasing the share of electricity from alternative sources are key goals,” tweeted Energy Minister Csaba Lantos. “The inauguration of the Mezőcsát power plant, the country's largest solar farm, is a step toward achieving these objectives.”
Hungary-based PolSolar, the project developer, raised €174 million ($185.9 million) in in April 2022 through the issuance of a 15-year bond under the Bond Funding for Growth Scheme (BGS), which is managed by the National Bank of Hungary. These funds have facilitated the completion of the Mezőcsát solar plant. The project will sell power to the national grid under a contract for difference (CfD) scheme.
The latest statistics from the International Renewable Energy Agency (IRENA) show that Hungary had installed 2.98 GW of solar by the end of 2020. New capacity additions only reached 20 MW in 2022.
Related
-
Australia awards renewable and energy storage capacities in latest auction
13 October 2025
-
Engie sells Africa off-grid business to UAE-based Ignite
13 October 2025
-
Chinese and US companies compete for Kuwait oil project
13 October 2025
-
Acwa Power to develop 300MW solar plant in Senegal
13 October 2025
-
Kuwait announces Qualified Bidders for Al Dibdibah Power and Al Shagaya Solar PV IPP
10 October 2025
-
Strabag to build Slovenia’s tallest office building
8 October 2025