Hungary Renewable Power Market Report 2017

  • ID: 4392438
  • Report
  • Region: Hungary
  • 22 pages
  • Inea Consulting Ltd
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FEATURED COMPANIES

  • Acciona
  • E.ON
  • EnBW
  • Iberdrola Renovables
  • MVM Group
  • MORE
With a land area of 93,028 km2, Hungary is a landlocked country in Central Europe. It measures about 250 km from north to south and 524 km from east to west. It has 2,106 km of boundaries, shared with Austria to the west, Serbia, Croatia and Slovenia to the south and southwest, Romania to the southeast, Ukraine to the northeast, and Slovakia to the north. The country’s landscape is mostly flat. The population was 9.82 million and the current gross domestic product (GDP) was $124.34 billion as of 2016. Hungary renewable power market value, which was USD XXX billion in 2016, is expected to grow to USD XXX billion 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.

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.

Scope:
  • Snapshot of the country’s renewable power sector across parameters - country overview, current power and renewable 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 renewable power generation capacity of from 2012 to 2017.
  • Statistics for cumulative and annual revenue of renewable power plants from 2012 to 2017.
  • Break-up by power generation technology, including thermal, hydro, renewable and nuclear
  • Data on key issues witnessed in the Hungarian renewable power sector.
  • Information on future plans and strategies to meet increasing power demand.
Reasons to buy:
  • Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s renewable 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
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FEATURED COMPANIES

  • Acciona
  • E.ON
  • EnBW
  • Iberdrola Renovables
  • MVM Group
  • MORE
1 METHODOLOGY AND LIMITATIONS
1.1 Research Methodology
1.2 Limitations
2 EXECUTIVE SUMMARY
3 HUNGARY RENEWABLE POWER MARKET IN 2017
3.1 Country Overview
3.2 Current Status of Renewable Power Market in Hungary
3.2.1 Solar
3.2.2 Wind
3.2.3 Hydro
3.2.4 Biomass
3.2.5 Geothermal
3.3 Key Issues
3.4 Investment Trends and Development Roadmap to Meat Increasing Power Demand
3.5 Cumulative (CAGR) Installed Renewable Power Capacity and Revenue
3.6 Annual Installed Renewable Power Capacity and Revenue
3.7 Support Schemes
4 CONCLUSIONS AND RECOMMENDATIONS
5 LIST OF ABBREVIATIONS
6 REFERENCES
7 DISCLAIMER

Chart 1: Share of Renewable Power (Solar, Wind, Biomass, Hydro and Geothermal) from Total Installed Power Generation Capacity in Hungary in 2016
Chart 2: Hungary Total Annual Electricity Consumption (in TWh) 2000 ÷ 2016
Chart 3: Hungary Power Generation Capacity Breakdown by Source (Fuel) Type in 2016 (incl. Renewables)
Chart 4: Structure of Electricity Power Market in Hungary
Chart 5: Cumulative (CAGR) Installed Renewable Power Capacity (Solar, Wind, Biomass, Hydro and Geothermal) in Hungary (in MW) 2012 ÷ 2017, including forecast
Chart 6: Cumulative (CAGR) Revenue of Renewable Power Plants (Solar, Wind, Biomass, Hydro and Geothermal) in Hungary (in Millions USD) 2012 ÷ 2017, including forecast
Chart 7: Annual Installed Renewable Power Capacity (Solar, Wind, Biomass, Hydro and Geothermal) in Hungary (in MW) 2012 ÷ 2017, including forecast
Chart 8: Annual Revenue of Renewable Power Plants (Solar, Wind, Biomass, Hydro and Geothermal) in Hungary (in Millions USD) 2012 ÷ 2017, including forecast
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Acciona
Iberdrola Renovables
E.ON
EnBW
MVM Group
MVM Hungarowind Wind Power Plant Operating Ltd.
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