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Hungary’s MVM auctioned 300 MW of solar capacity

Hungarian’s national power utility MVM has auctioned 300 MW of solar capacity. The company selected 7 bidders, which will have to build the tendered projects within 2 years. The projects range in size from 300 kW to 60 MW and are worth HUF140bn (€385m).

Solar accounts for 13% of Hungary’s installed capacity, with nearly 1.3 GW (end of 2019). Almost 200 MW are under currently construction. In March 2020, the government contracted 131 MW of solar projects in its first renewable auction (89 MW of 1-20 MW projects and 43 MW of 300 kW – 1 MW projects).

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