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Solar PV takes over Hungary's 1st renewables auction

Tamesol project in Hungary. Source: Tamesol (www.tamesol.com)

January 14 (Renewables Now) - Hungary’s first technology-neutral renewables tender has lured 349 MW of proposals, with bids starting from HUF 20.20 (USD 0.0675/EUR 0.0606) per kWh, official documents show.

The Hungarian Energy and Public Utility Regulatory Authority (HEPURA) has published the list of the competitors vying for 15-year premium payments on top of the wholesale price. The tender was launched in October 2019, with bidders having time until December 2, 2019 to submit proposals.

HEPURA has received 169 proposals, of which 168 were for solar photovoltaic (PV) plants with a combined capacity of 348.5 MW. The only non-solar project is for a 500-kW landfill gas installation. In terms of pricing, the lowest price proposal was launched by Suncity2020 Kft for a 19-MW solar park, while prices reached as high as HUF 26/kWh for multiple small-scale projects.

The regulator will announce the results from the auction in the spring. Contracts will be awarded in two project capacity categories -- 300 kW-1 MW and 1 MW-20 MW.

(HUF 100 = USD 0.334/EUR 0.300)

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Browse all articles from Veselina Petrova

Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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