Hungary to release renewables auction in July

• The optimum size of eligible projects has actually been increased from 20 MW to 50 MW. The Hungarian government intends to contract around 390 GWh of creating capacity per year, with 40 GW to be scheduled for the Small PVPP classification, consisting of installations between 300 kW and also 1 MW in dimension. It will allot 350 GWh for the Large PVPP team, which includes projects ranging in dimension from 1 MW to 50 MW.

The Hungarian government has asked the Hungarian Energy and Utilities Regulatory Authority (MKEK) to begin the nation's following METAR renewables auction in July.

Peter Kaderják, state secretary for power as well as climate policy, stated the procurement exercise will be introduced in July with a yearly budget plan of HUF800 million ($ 2.6 million) as well as will get around 390 GWh annually. Concerning 40 GW will certainly be booked for the Small PVPP group, consisting of installations between 300 kW and also 1 MW. The federal government will certainly allot 350 GWh for the Large PVPP team, including projects varying in dimension from 1 MW to 50 MW. In the previous auction, settled in March, the limit for the 2nd category was 20 MW.

In the smaller sized category, developers can bid for a maximum of 15 GWh each year, while in the larger team, the eligible power up for grabs is 175 GWh per year. The MKEK will certainly provide 15-year feed-in premium repayments to the successful projects to top up wholesale electrical power rates. The tender is part of the Hungarian federal government's METAR-KAT renewables reward program, which was introduced in 2017.

" A total amount of 5 brand-new METAR auctions are anticipated to be held by August 2022," Kaderjak claimed, including that Hungary is anticipated to reach 3 GW of set up solar energy by 2022 and also 6 GW by 2030.

" The statement of the auction is a crucial sign for investors dealing with difficulties getting in to the Hungarian market, that include FOREX threat with Euro-denominated capital expenses to be paid for by HUF contracted prices, together with to take into consideration the proximity-aggregation policy as a restraint in geographical site selection and tender documents released only in Hungarian," Hungarian renewable energy specialist, Ferenc Kis, informed pv magazine. "However, the 6 GW ability objective till 2030 as well as the introduced roadmap for 1500-2500 GWh capacity increase by 2022 in the coming 30 months will likely bring Hungary to the emphasis of solar profile managers."

In the initial pilot auction kept in March, the federal government granted almost all the 131.9 MW ability to solar projects. The last typical cost was HUF24.81/ kWh in the initial category as well as HUF21.69/ kWh in the second. The most affordable quote of HUF20.20/ kWh was sent for a 20 MW solar plant.

According to the latest stats from the International Renewable Energy Agency (IRENA), Hungary had set up 1.28 GW of solar by the end of 2019. New ability enhancements struck 551 MW last year.