March 30 (Renewables Now) - Hungary will sign contracts with the developers of 71 solar photovoltaic (PV) projects following the country's first technology-neutral renewables tender.
The Hungarian Energy and Public Utility Regulatory Authority (HEPURA) on Friday published the final results of the procurement round that was launched in October last year. A total of 72 projects were selected, with the only exception to solar PV being a proposal for a 500-kW landfill gas installation. The combined value of the winning proposals stands at around HUF 40 billion (USD 124.1m/EUR 112m).
The selection of the 72 winning projects was made across two capacity categories. The one for smaller projects, of between 300 kW and 1 MW, had 61 winners, while the other 11 are projects of between 1 MW and 20 MW. Bidding prices fell as low as HUF 21.2/kWh in the small systems category. The lowest bid for large-scale installations, of HUF 20.2/kWh, was submitted for a 20-MW solar park. The tender was capped at HUF 26.08/kWh.
Winners will be awarded 15-year premium payments on top of the wholesale price. The total amount of annual subsidies for these 72 projects is estimated at HUF 229 million.
HEPURA said in January 169 of projects were vying for subsidies in this tender.
(HUF 100 = USD 0.310/EUR 0.280)