Hungary Hosts Region’s Largest Solar PlantReading Time: < 1 minutes
Central Europe’s largest solar plant has been inaugurated in Kaposvár, southwest of the Hungarian capital Budapest. The 100-megawatt solar power plant was built by China National Machinery Import & Export (CMC), a Chinese company investing HUF 36 billion. The Kaposvár solar power plant increases Hungary’s photovoltaic capacity by 5% and saves 120,000 tons of CO2 emissions.
At the inauguration ceremony, Minister of Innovation and Technology, László Palkovics, stated that Hungary has committed itself to become a carbon-neutral country by 2050, reducing its carbon emissions by 95% compared to 1990 levels. He also added that Hungary is interested in strengthening its relations with China, and the solar power plant is just one example. Palkovics also mentioned the controversial Belgrade-Budapest railway construction, and the Fudan university project as two investments bridging the two countries’ interests. In a video message, the president of CMC said the company is planning to invest up to EUR 1 billion in Hungary with the goal of achieving carbon neutrality.