Hungarian utility wraps up very own 300 MW PV auction

• Power business MVM will add brand-new generation ability to the 100 MW of solar it currently runs in its homeland.

The MVM Zold Generacio system of Hungarian energy Magyar Villamos Művek Zártkörűen működő Részvénytársaság (MVM), has actually ended the solar power auction it had actually introduced in October 2019, according to a record published in the European public purchase journal Tenders Electronic Daily. With the procurement exercise, the business sought to get 300 MW of solar generation capability.

The energy has selected 7 unrevealed bidders in the auction. The combined ability of the sent projects was not disclosed.

The HUF140 billion ($448 million) of tendered project capacity ought to be built within 2 years. The procurement offered generation capacity lots ranging in dimension from 300 kW to 60 MW.

The power company, which operates 2.5 GW of Hungary's 8.5 GW power generation fleet, currently has 100 MW of functional solar projects throughout the nation.

Hungary had around 1.27 GW of solar generation ability at the end of 2019, according to the International Renewable Energy Agency.

The federal government is promoting large scale solar with renewable energy auctions, the first of which, in March, contracted 131.4 MW of solar projects. The tender allocated 60 projects, split in between 88.6 MW of 1-20 MW facilities and also 42.8 MW of 300 kW-1 MW ranges. The lowest solar electricity price supplied was HUF20.20/ kWh ($0.0646) for a 20 MW plant and the final ordinary price for the larger projects was HUF21.69/ kWh as well as for the smaller, HUF24.81.