Mezőcsát, a 233 MW solar power plant in Borsod-Abaúj-Zemplén, Hungary, has officially started operations.
“Hungary imports 76 percent of its energy, and reducing dependence on natural gas and increasing the share of electricity from alternative sources are key goals,” Energy Minister Csaba Lantos tweeted. “The inauguration of the Mezőcsát power plant, the largest solar power plant in the country, is a step towards achieving these goals.”
Hungary-based project developer PolSolar raised 174 million euros ($185.9 million) in April 2022 by issuing a 15-year bond under the Bond Funding for Growth Scheme (BGS), which is managed by the Bank of Hungary. . These funds have facilitated the completion of the Mezőcsát solar power plant. In the project, electricity is sold to the national grid in accordance with the contract for difference (CfD) system.
The latest statistics from the International Renewable Energy Agency (IRENA) show that Hungary had installed 2.98 GW of solar power by the end of 2020. New capacity only reached 20 MW in 2022.