Under Hungary’s National Energy Strategy up until 2030, Hungary will aim at ensuring the long-term security of ener¬gy supplies and increasing the share of renewable sources in its electricity generation mix, particularly biomass, but also notes that fossil fuels, mainly natural gas, will be necessary for future generations. Developing further nuclear energy capabilities was also outlined as an option to cover demand. The National Energy Strategy stipulates that the construction of new power plants will be required to replace those that will become obsolete in the future.
The most realistic scenario envisaged is a mix of “nuclear-coal-renewable” energy. This scenario forecasts the installation of 2,000 MW nuclear and 440 MW coal fired power generation ca¬pacities between 2010 and 2050, and an increase of the share of renewable energy in the energy mix up to fifteen percent (15%) until 2030 and up to twenty percent (20%) by 2050. Despite the declared goal to increase the share of RES-Electricity, Hungary is still far from these declared percentages due to the unfortunate delay in enacting a new RES-Electricity promotion system and the current unavailability of wind energy tender procedures.
The country’s main strategy to meet the growing need of power is to reduce the energy dependency by increasing the energy efficiency, increased use of renewable resources, natural gas, nuclear sources, and connecting to the European power infrastructure.
- Snapshot of the country’s renewable and wind power sector across parameters - country overview, current power and wind power market status, electricity market structure, key issues, future plans and strategies to meet increasing power demand, and way forward.
- Statistics for cumulative and annual installed wind power generation capacity of from 2012 to 2017.
- Statistics for cumulative and annual revenue of wind power plants from 2012 to 2017.
- Break-up by power generation technology, including thermal, hydro, renewable (incl. wind) and nuclear
- Data on key issues witnessed in the Hungarian wind power sector.
- Information on future plans and strategies to meet increasing power demand.
- Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s wind power sector
- Facilitate decision-making based on strong historic and forecast data
- Develop strategies based on the latest regulatory events
- Position yourself to gain the maximum advantage of the industry’s growth potential
- Identify key partners and business development opportunities
1.1 Research Methodology
2 EXECUTIVE SUMMARY
3 HUNGARY WIND POWER MARKET IN 2017
3.1 Country Overview
3.2 Current Status of Wind Power Market in Hungary
3.3 Key Issues
3.4 Investment Trends and Development Roadmap to Meat Increasing Power Demand
3.5 Cumulative (CAGR) Installed Wind Power Capacity and Revenue
3.6 Annual Installed Wind Power Capacity and Revenue
3.7 Support Schemes
4 CONCLUSIONS AND RECOMMENDATIONS
5 LIST OF ABBREVIATIONS
Chart 1: Wind Resource Map of Hungary
Chart 2: Share of Wind Power from Total Installed Power Generation Capacity in Hungary in 2016
Chart 3: Hungary Total Annual Electricity Consumption (in TWh) 2000 ÷ 2016
Chart 4: Hungary Power Generation Capacity Breakdown by Source (Fuel) Type in 2016 (incl. Renewables)
Chart 5: Structure of Electricity Power Market in Hungary
Chart 6: Cumulative (CAGR) Installed Capacity of Wind Power Plants in Hungary (in MW) 2012 ÷ 2017, including forecast
Chart 7: Cumulative (CAGR) Revenue of Wind Power Plants in Hungary (in Millions USD) 2012 ÷ 2017, including forecast
Chart 8: Annual Installed Capacity of Wind Power Plants in Hungary (in MW) 2012 ÷ 2017, including forecast
Chart 9: Annual Revenue of Wind Power Plants in Hungary (in Millions USD) 2012 ÷ 2017, including forecast