Slovakian company embarks on major solar plant project in Hungary

Portfolio
Greentechnic Hungary Ltd. has received an order by Slovakian solar panel manufacturer Radix Union S.r.o. to build 165 solar parks with 500-kilowatt capacity each in Hungary. The value of the investment project is some HUF 31.85 billion (EUR 100.95 mn), the Hungarian Photovoltaic and Solar Collector Association (MNNSz) announced on Tuesday. The first stage of the project is expected to be completed at the end of March.
In scope of the project, 33 solar parks with 500 kW capacity each (16.5 MW in total) are planned to be set up this year in Szügy, Nógrád county, and the first stage of this construction has already been completed.

The largest solar park of the county (called Szügy-Balassagyarmat solar park) will be inaugurated on 29 March.

Greentechnic Hungary Ltd. is a founding member of the MNNSz.

More in Economy

szijjártó
May 18, 2022 09:21

Paks II project needs to be radically accelerated, says Hungary's Foreign Minister

Péter Szijjártó at hearing before Parliament's Economic Affairs Committee

foldgazvezetekek
May 18, 2022 08:45

It turns out Hungary pays the most for Russian gas in the region

There can be two main explanations

panelmakro
May 18, 2022 08:30

Hungarian economy on the rocks - star economists tell us what the government and the c.bank can do

Péter Ákos Bod, Gergely Tardos, Viktor Zsiday answered questions from Portfolio's senior economist

naperőmű, napelempark Ajka mellett
May 17, 2022 16:50

MVM Group to build 28 new solar power plants across Hungary

Could cover annual electricity needs of more than 8,000 households

nato zászló getty stock
May 17, 2022 14:50

Sweden officially applies to join NATO

Riles Turkey