MVM expands its RES capacity with 45 new solar plants

Hungary’s state-owned energy group MVM announced that it increased its renewables portfolio by building a total of 45 small photovoltaic power plants. The company established 21 small power plants in the Eastern- and 24 in the South-Western part of Hungary with a maximum installed capacity of 0.5 megawatts (MW).

As a result of the two completed projects, greenhouse gas emissions will decrease by nearly 30,000 tons annually. The total installed capacity of the newly built power generation systems in the two regions is 26.6 megawatts peak (MWp). MVM Group now owns 110 solar parks across the country, these units generate more than 110 gigawatt-hour (GWh) of electricity every year, which covers the annual electricity consumption of about 50,000 households, or more than 100,000 people, reads the company’s statement.

Both projects were supported by the EU’s Environmental and Energy Efficiency Operational Programme (KEHOP), which aims to improve energy efficiency, curb emissions and increase the share of decentralised, environmentally friendly renewable energy sources in electricity generation.

This article was originally published on CEENERGYNEWS, the official media partner of Budapest Climate Summit.