The Hungarian authorities has introduced {that a} 233 MW solar energy plant has began industrial operation within the municipality of Mezőcsát, in Borsod-Abaúj-Zemplén county, northern Hungary.

“Hungary imports 76% of its power, and lowering dependence on pure gasoline and growing the share of electrical energy from different sources are key objectives,” tweeted Vitality Minister Csaba Lantos. “The inauguration of the Mezőcsát energy plant, the most important photo voltaic farm within the nation, is a step in direction of attaining these objectives.”

Hungary-based PolSolar, the undertaking’s developer, raised €174 million ($185.9 million) in April 2022 by issuing a 15-year bond underneath the Bond Funding for Development Scheme (BGS), which managed by the Nationwide Financial institution of Hungary. These funds facilitated the completion of the Mezőcsát photo voltaic plant. The undertaking will promote energy to the nationwide grid underneath a contract for distinction (CfD) scheme.

The most recent statistics from the Worldwide Renewable Vitality Company (IRENA) present that Hungary put in 2.98 GW of photo voltaic by the tip of 2020. New capability additions solely reached 20 MW in 2022.

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