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Hungary
Solar Market Outlook in Hungary
The Hungarian government is projecting to increase its solar capacities by sixfold from the period of 2020 to 2030. In order to achieve this ambitious goal, the government is encouraging new investments through a floating premium support system. The proposal is to give investors the opportunity to sell solar energy and equipment and have a direct impact on prices.
The market forecast for Hungary’s solar power market is expected to have a growth rate of over 4% from 2020 to 2025. The basis of this market forecast is the attractive subsidies imposed by the government on renewable energy providers. The government is also hoping that this will address issues of lack of domestic investors in renewable energy that is restraining the country’s solar energy market growth.
The number of sunny days in Hungary makes it a promising potential for solar energy. This is also something that the government aims to capitalize on especially as they intend to replace coal with solar energy as a main renewable energy source by 2030. It is going to open up more opportunities for investing in the renewable energy market in Hungary, particularly when it comes to solar power.
Solar Energy Equipment Supply Capacity in Hungary
There are a substantial number of solar energy companies and suppliers in Hungary. But while options are not as expansive as the rest of Europe yet, there is plenty of potential for importing solar power equipment. You can find a number of suppliers and distributors in nearby Europe and in other parts of the world.
Top 8 Major Seaports & Logistics in Hungary
If you need to ship goods and solar power equipment to Hungary, you have plenty of options for handling sea freight. These are the top seaports in Hungary: Port of Gyor, Port of Csepel, Port of Baja, Port of Szeged, Port of Mohacs, Port of Dunaujvaros, Komarom, and Dunavecse.
Electrical Disconnect used for below projects in Hungary
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