Hungary on Thursday (May 27) inaugurated a 100Mw solar park, the largest in Central Europe, which was built by China National Machinery Import and Export Corporation (CMC).
The project, worth around 100 million euros (122 million U.S. dollars), is located near the southwestern city of Kaposvar, Hungary and expected to produce 130 million kilowatt-hours of electricity.
The inauguration ceremony was attended by Hungary's Minister for Innovation and Technology Laszlo Palkovics on site and CMC Chairman Kang Hubiao via video link.
"The solar park will contribute to developing a well-balanced and sustainable energy mix in Hungary and guarantee the country’s energy security," Minister of Innovation and Technology Laszlo Palkovics stated.
For his part, the CMC Chairman said: "As I myself have been involved with this project from the beginning, and have visited Hungary several times over the years, today, as chairman, I am especially elated to see the completion of this project,"
"The government of Hungary was supportive of our goal from the start, even though our project with 100 MW capacity might have seemed too grandiose to some people back then, when the average size of a solar power plant was less than one MW. We are grateful that the government saw us as a trustworthy partner and helped us make this dream come true" Kang added according to Xinhua news agency.
CMC had picked Hungary for the investment in 2016 and intends to invest €1bn in the country.
Solar energy capacity in Hungary is rapidly advancing, and has quadrupled between 2015 and 2020. The country added 653 megawatts worth of solar photovoltaic capacity in 2019, an increase of 243 megawatts compared to the output added the previous year.
János Péter Horváth, president of the Hungarian Energy and Utilities Regulatory Authority, told Budapest Business Journal:
"The installed capacity of solar power plants has increased tenfold in Hungary in five years, and the trend will continue in the future."
By 2035, 200,000 households should have roof-mounted solar panels.
Founded in 1950, China National Machinery Import and Export Corporation (CMC) is an engineering contractor owned by Chinese state-owned conglomerate China General Technology Group. The company provides international trade services, imports and exports energy engineering equipment, locomotives, ships, and other mechanical products.
CMC also conducts international project contracting, automobile marketing, and other businesses. Among the company's key international projects are the extension of Sri Lanka's Coastal line from Matara to Beliatta in 2013-2019 and the construction of the Ankara-Istanbul high-speed railway with China Railway Construction Corporation Limited and Turkish consortium partners, completed in 2014.