The population was 9.82 million and the current gross domestic product (GDP) was $124.34 billion as of 2016. Hungary solar photovoltaic (PV) power market value, which was USD XXX million in 2016, is expected to grow to USD XXX million in 2017, at a CAGR of XXX percent. Due to geographical conditions, most of the country’s power demand is met by importing the energy from neighboring countries. The majority of the power is imported from Slovakia, Austria, and Ukraine, and the main export countries are Croatia and Serbia. Hungary has good potential for the use of solar energy, as the number of sunny hours in Hungary is between 1,950-2,150 per year at an intensity of 1,200 kWh/m2 per year. It is estimated the theoretical potential could amount to several tens of thousands of MW.
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 solar photovoltaic (PV) power sector across parameters - country overview, current power and solar photovoltaic (PV) 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 solar photovoltaic (PV) power generation capacity of from 2012 to 2017.
- Statistics for cumulative and annual revenue of solar photovoltaic (PV) power plants from 2012 to 2017.
- Break-up by power generation technology, including thermal, hydro, renewable (incl. solar PV) and nuclear
- Data on key issues witnessed in the Hungary solar photovoltaic (PV) 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 solar photovoltaic (PV) 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 SOLAR PV POWER MARKET IN 2017
3.1 Country Overview
3.2 Current Status of Solar PV 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 Photovoltaic (Solar PV) Capacity and Revenue
3.6 Annual Installed Photovoltaic (Solar PV) Capacity and Revenue
3.7 Support Schemes
4 CONCLUSIONS AND RECOMMENDATIONS
5 LIST OF ABBREVIATIONS
Chart 1: Solar Resource Map of Hungary
Chart 2 Share of Solar PV 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 Photovoltaic (Solar PV) Power Plants in Hungary (in MW) 2012 ÷ 2017, including forecast
Chart 7: Cumulative (CAGR) Revenue of Photovoltaic (Solar PV) Power Plants in Hungary (in Millions USD) 2012 ÷ 2017, including forecast
Chart 8: Annual Installed Capacity of Photovoltaic (Solar PV) Power Plants in Hungary (in MW) 2012 ÷ 2017, including forecast
Chart 9: Annual Revenue of Photovoltaic (Solar PV) Power Plants in Hungary (in Millions USD) 2012 ÷ 2017, including forecast