Hungary Wind Power Market Outlook 2023÷2032 - Single User

This market report offers an incisive and reliable overview of the country's wind sector for the next long-term period, 2023 ÷ 2032. With a land area of 93,028 km2, Hungary is a landlocked country in Central Europe. It measures about 250 km from north to south and 524 km from east to west. It has 2,106 km of boundaries, shared with Austria to the west, Serbia, Croatia and Slovenia to the south and southwest, Romania to the southeast, Ukraine to the northeast, and Slovakia to the north. The country’s landscape is mostly flat. The population was 9.82 million, and the current gross domestic product (GDP) was $342 billion at the end of 2022.

Under Hungary’s National Energy Strategy up until 2030, Hungary will aim at ensuring the long-term security of energy supplies and increasing the share of renewable sources in its electricity generation mix, but also notes that fossil fuels, mainly natural gas, will be necessary for future generations. Developing further nuclear energy capabilities was also outlined as an option to cover demand. The National Energy Strategy stipulates that the construction of new power plants will be required to replace those that will become obsolete in the future. The country’s main strategy to meet the growing need for power is to reduce energy dependency by increasing energy efficiency, increasing renewable resources, natural gas, nuclear sources, and connecting to the European power infrastructure. Hungary is a full member of the Association of Issuing Bodies (AIB) since 2021 and joined the European Energy Certificate System effective on February 1, 2022. Full Membership in the Association of Issuing Bodies (AIB) enables participation of Hungary in the free cross-border trade of guarantees of origin (GOs) of renewable energy producers.

The report provides a complete picture of the market situation, dynamics, current issues and prospects. You will find more than 120 pages of valuable information in this unique, in-depth analysis of the Hungarian wind market will receive an overview of how the COVID-19 (Coronavirus) recovery and the war in Ukraine will impact it. With comprehensive market data, this report brings clear and concise insights to help investors in their decision-making process. As 2021 and 2022 were challenging years for the wind industry, the time for making the right decisions during 2023 and the next few years is limited. A fast-changing market environment requires relevant and accurate information. For your convenience, we offer the opportunity for orders with customized report content. Reasons to buy this market report are, but are not limited to:

• Overview of the Hungarian political and economic environment
• Wind resource potential in Hungary
• Financial Model and Analysis of 85 MW Wind Power Plant investment in Hungary (IRR, WACC, Payback, NPV, Cash Flow, etc.)
• Over 55 charts, tables and maps
• Overview of Hungarian wind market development 2012 ÷ 2032
• Grid-connected wind installations
• Future market trends and planned wind projects for 2023 ÷ 2032
• Market prices of fully permitted and operational wind projects
• Hungarian legal and energy regulatory framework for renewable projects
• Key companies and competitive landscape in the wind sector
• Review of most relevant financing and supporting incentives
• SWOT Analysis (detailed in 5 pages)

On the following pages, you will see the full table of content of this report. To order this report click on the button "ADD TO CART". If you have any other questions, please do not hesitate to call us on ++44 203 807 00 79 or write an e-mail to orders@renewablemarketwatch.com

TABLE OF CONTENTS 3
FOREWORD 7
1 METHODOLOGY AND LIMITATIONS 8
1.1 Research Methodology 8
1.2 Forecast Software and Methodology 9
1.2 Limitations 12
2 EXECUTIVE SUMMARY 13
2.1 Historical and Current Development Overview of Wind Power Market in Hungary 13
2.2 Hungary Wind Resource Potential 13
2.3 Renewable Energy Sources (RES) Policies and Targets 14
2.4 Key Stakeholders Affecting Wind Power Market Development in Hungary 14
2.5 Market Drivers and Constraints 14
2.6 Recent and Pending Changes in Renewable Energy Law in Hungary 15
2.7 Market Forecast Summary 15
3 HUNGARY POLITICAL AND ECONOMIC ENVIRONMENT. PEST ANALYSIS 16
3.1 Basic Country Data 16
3.2 Political Climate and Ruling Party 20
3.3 GDP and Economic Growth 20
3.4 Taxes 23
3.4.1 VAT 24
3.4.2 Income and Corporate Taxes 24
3.4.3 Exemption of excise duty 25
4 CENTRAL-EAST EUROPE (CEE) AND SOUTH-EAST EUROPE (SEE) POWER MARKET 26
4.1 General Electricity Market information 26
4.2 Wind Power in the of renewable power capacity Energy Sector 32
4.3 Single Electricity Market 35
5 CENTRAL-EAST EUROPE (CEE) AND SOUTH-EAST EUROPE (SEE) WIND POWER MARKET 38
5.1 Market Overview 38
5.2 Cumulative Installed Wind Capacity and Revenue 39
5.3 Annual Installed Wind Capacity 41
5.4 Future Development Trends 41
6 HUNGARY POWER MARKET 43
6.1 Electricity Transmission and Distribution 43
6.2 Electricity Consumption and Generation 45
6.3 Electricity Imports and Exports 49
6.4 Electricity Prices for Business and Households 50
6.5 Renewable Energy Sources (RES) Targets 51
7 HUNGARY WIND POWER MARKET 53
7.1 Why Invest in Wind Power in Hungary? 53
7.2 Hungary Wind Resource Potential 54
7.3 Licensing Period Duration 55
7.4 Regional Substation Capacities for Wind Power Projects in Hungary 56
7.5 Overview of Wind Power Market in Hungary 57
7.6 Market Structure Analysis 58
7.7 Investment Trends and Development Roadmap 59
7.8 Competitive Environment in Wind Power Market 60
7.9 Profiles of Key Players and Investors in Wind Power Market 61
7.10 Cumulative Installed Wind Capacity and Revenue 63
7.11 Annual Installed Wind Capacity 65
7.12 Market Prices for Wind Power Projects in Hungary in Development, Ready to Build and Operational (Grid Connected) Condition 65
7.13 Key Cost Structure Elements of Wind Power Plant in Hungary 66
7.14 Levelized Cost of Energy (LCOE) for Wind Power in Hungary 67
7.15 Key Wind Power Projects in Hungary Under Development 68
7.16 Mergers and Acquisitions 71
8 DRIVERS AND CONSTRAINTS OF WIND MARKET IN HUNGARY. SWOT ANALYSIS 72
8.1 Market Drivers 72
8.2 Market Drivers Explained 72
8.3 Market Constraints 73
8.4 Market Constraints Explained 73
8.5 SWOT Analysis 74
9 FINANCIAL ANALYSIS OF WIND MARKET IN HUNGARY 78
9.1 Financing Options of Wind Power Projects in Hungary 78
9.2 Financial Model and Analysis of 5 MW Wind Power Plant investment in Hungary (IRR, WACC, Payback, NPV, Cash Flow, ETC.) 83
10 TECHNOLOGY ANALYSIS 88
10.1 Wind Technology Overview 88
10.2 Technology Trends 89
11 EUROPEAN RENEWABLE ENERGY POLICY LANDSCAPE 91
11.1 RES Regulations and EU Directives 91
11.1.1 Precedent EU regulations 91
11.1.2 Most recent EU renewable energy policy developments 92
12 HUNGARY RENEWABLE ENERGY SOURCES (RES) LEGAL AND REGULATORY FRAMEWORK 93
12.1 Main Laws and Regulations 93
12.2 Support Schemes 94
12.3 Green Certificates Trading 94
12.4 Changes in Renewable Energy Law in Hungary in 2019 and 2020 95
12.5 Auction (Tender) Procedure for Wind Power Plants in Hungary 98
12.6 Zoning, Planning and Construction Related Authorizations 99
12.7 Environmental Related Authorizations 99
12.7.1 Natura 2000 Network 100
12.7.2 Clean Development Mechanism (CDM) and Joint Implementation (JI) 101
12.8 Energy Law Authorizations 101
12.8.1 Power Generation Licensing and Unlicensed Power Generation Below 1 MW 101
12.8.2 Grid Interconnection 102
12.8.3 Feed-in Tariff (FIT) 104
12.8.4 Power Off-Take for Green Certificates 105
12.8.5 Power Off-Take under Auction (Tender) Scheme 106
12.8.6 Registers for Green Certificates (Guarantees of Origin) 106
12.9 Future Market Pricing Mechanisms 107
13 KEY STAKEHOLDERS AFFECTING WIND POWER MARKET DEVELOPMENT IN HUNGARY 108
13.1 Government Stakeholders 108
13.2 Non-Government Stakeholders 112
13.3 Electricity Generation, Transmission System Operator (TSO) and Distribution System Operators (DSO’s) 113
14 CONCLUSIONS AND RECOMMENDATIONS 121
15 LIST OF ABBREVIATIONS 123
16 REFERENCES 125
17 DISCLAIMER 127
APPENDIX I. WIND RESOURCE MAPS OF EUROPE AND HUNGARY 128