MVM has built the largest solar power plant in the country in Paks

The Paks Solar Power Plant of the MVM Group, the country’s largest currently operating photovoltaic facility, has been delivered. Built a few kilometers away from the Paks Nuclear Power Plant, the solar power plant is located in an area of 51 hectares and consists of over 74,000 polycrystalline solar panels. Due to the project completed under the Environment and Energy Efficiency Operational Programme, our country’s carbon dioxide emissions will be reduced by 22,000 tonnes per year.

The MVM Group has further increased its portfolio of power plants utilising renewable energy sources. Under the European Union’s Environment and Energy Efficiency Operational Programme project No KEHOP-5.1.1-17-2017-00001, the Paks Solar Power Plant with an installed capacity of 20.6 megawatts, which is the largest currently operating such unit in Hungary, was built from nearly HUF 9 billion. MVM Green Generation Ltd. (formerly known as MVM Hungarowind Ltd.), the holding company’s member company engaged in renewable energy generation, financed 65 per cent of the development from its own funds and 35 per cent from an EU grant.

The Paks facility, which has an even higher installed capacity (20.6 megawatts) than that of the 20-megawatt Felsőzsolca Solar Power Plant, which also strengthens the renewable energy portfolio of the MVM Group, is capable of generating 22.2 gigawatt hours of electricity per year on average. This amount can meet the annual electricity needs of about 8,500 households, that is, more than 20,000 people. The electricity generated at the power plant is fed into the national high-voltage electricity transmission grid.

‘Paks is not only the centre of nuclear power, but also the centre of renewable energy and, within that, solar energy, in Hungary,’ said Dr Péter Kaderják, Under Secretary of State for Energy and Climate Policy. ‘The new national energy strategy, which is currently being developed, will focus on clean, smart and affordable energy, and therefore this project also shows that renewable and nuclear energy are not mutually exclusive, but are complementary ways of generating energy, which are able to effectively reduce the effects of climate change,’ he added.

‘The solar power plants of the MVM Group being constructed all over the country are closely aligned with the Government’s energy objectives to establish a climate-friendly energy sector. Clean and affordable energy is a key issue for Hungary, in terms of energy security, economic competitiveness and affordable energy prices alike,’ emphasised by Dr Tamás János Benkő, Deputy Under Secretary of State for Legal Affairs, Coordination and Utility Services at the inauguration ceremony.

‘The MVM Group aims to become the energy generation company with the largest solar power plant capacity in Hungary. Our Group significantly contributes to Hungary’s security of supply and the achievement of the European Union’s and other international climate protection and climate policy objectives through its continuously increasing renewable energy output and carbon neutral electricity generation by the Paks Nuclear Power Plant,’ said György Kóbor, Chairman and CEO of MVM Ltd.

Due to the operation of the Paks Solar Power Plant, carbon dioxide emissions will be reduced by 22,000 tonnes per year, while the additional units to be developed and constructed by MVM in the country will decrease such emissions by more than 100,000 tonnes per year. Power plants that utilise solar energy generate electricity cleanly and without noise and harmful emissions, thereby greatly contributing to reducing the environmental load. Solar power plant systems are almost fully automated and are controlled by remote monitoring.

The total capacity of the MVM Group’s 110 solar power plants to be constructed in the whole country will exceed 100 megawatts of installed capacity. These units will generate more than 110 gigawatt hours of electricity per year. This amount will cover the annual electricity needs of approximately 50,000 households, that is, more than 100,000 people. In addition, the establishment and operation of solar power plants also contribute to promoting the environmental aware thinking of local communities.