2022-02-24 11:55:00
HUNGARY RENEWABLES UP BY 24%
ENERDATA - 23 Feb 2022 - Power generation in Hungary increased by 2.5% in 2021 to 35.8 TWh, according the Hungarian Energy and Public Utility Regulatory Authority (MEKH). Almost 64% of the power generation came from carbon-free sources, including 45% from nuclear, 26% from gas, and 19% from renewables. Nuclear power generation remained stable in 2021 at nearly 16 TWh (-0.4%), while gas-fired generation rose by 3.9% to 9.4 TWh. Renewable electricity generation increased by 24% to 6.9 TWh, including 3.8 TWh from solar (+54% compared to 2020), i.e. nearly 11% of the total power mix, and 1.8 TWh from biomass (+6.9%). In addition, electricity demand rose by 5.3% to 43.7 TWh, and imports by 4.1% to 20 TWh; the share of net imports in total consumption reached 26%.
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Earlier:
2022, January, 31, 12:15:00
RENEWABLES PRICES WILL RISE
This duplication of generating capacity increases electricity infrastructure investment, thus increasing required return on investment and consumer electric rates.
2022, January, 10, 11:25:00
RENEWABLES COULD NOT REPLACE
Renewable generation could not replace conventional fossil and nuclear generation when there was low/no wind and solar.
2021, November, 30, 13:00:00
RUSSIAN NUCLEAR FOR HUNGARY $11.3 BLN
The Duma ratified the protocol amending the 2014 agreement between the governments of the Russian Federation and Hungary on the provision the loan (the protocol was signed in Moscow and Budapest in May).
2021, November, 25, 15:35:00
RENEWABLES NEED INVESTMENT $131 TLN
Around 80% of this is expected to come from the private sector, with debt financing growing to a 60% share within that, IRENA deputy director-general Gauri Singh said.
