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Hungary - Solar Energy Country Market Profile


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Godina: 2008
Stranice: 8
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The impact of solar energy industry in Hungary

A solar energy industry is present and developing continuously, even if relatively high equipment
prices and low governmental support do not create sufficient motivation for wide-spread application.
However, both factors are likely to change in the foreseeable future, also caused by rising electricity
prices derived from burning fossil fuel sources.
It is expected that following the implementation of relevant European directives and local support
activities, the share of renewable energy sources, including solar energy, in Hungary's energy mix
will increase significantly.

Industry growth will also lead to more employment. The solar energy sector is seeing a steady
increase in the number of companies, predominantly still SMEs. In the past two years alone, three
PV manufacturing and assembly companies began or extended operations in Hungary. And other
(Hungarian) market newcomers have announced investments to a minimum of 150m Euro in the
near future.

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