Budapest, Hungary
Image: Sebastiano Corti, Unsplash
According to new figures from the Hungarian government, Hungary deployed approximately 1.3 GW of new PV capacity in the first ten months of 2024.
“The expansion of Hungarian PV significantly exceeds the 1 GW threshold for the third consecutive year,” the Energy Ministry said in a Facebook post.
The country installed approximately 1.6 GW of solar energy in 2023. This result was a calendar year record for Hungary and more than one and a half times the capacity expansion recorded in 2022.
As of the end of October 2024, the country’s cumulative installed solar capacity stood at 7.35 GW, well exceeding the government’s 2030 solar target of 6 GW.
“This target has not only been achieved this year, but also exceeded by more than a fifth,” the ministry said.
Hungary’s cumulative solar capacity includes 2.63 GW coming from residential installations, with the remainder coming from ground-mounted and C&I systems.
About 288,000 Hungarian households have installed residential PV systems, supported by the Napenergia Plusz program, a subsidy initiative with a budget of HUF 75.8 billion ($218 million) for modern solar panels and storage.
Hungary aims to reach a solar capacity of 12 GW by the early 2030s.
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