/LONDON, July 21, 2025, 10:00 BST, RENEWABLE MARKET WATCH™/
This market report provides an incisive and reliable overview of the country’s photovoltaic sector for the next 10-year period, 2025-2034. 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 $204 billion as of 2023.
Due to geographical conditions, most of the country’s power demand is met by importing energy from neighbouring countries. The majority of the power is imported from Slovakia, Austria, and Ukraine, and the main export countries are Croatia and Serbia. Hungary has good potential for the use of solar energy, as the number of sunny hours in Hungary is between 1,950-2,150 per year at an intensity of 1,200 kWh/m2 per year. It is estimated that the theoretical potential could amount to several GWs.
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, particularly solar photovoltaic, 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 ranked among the top 10 countries by attractiveness for solar photovoltaic (PV) energy investments among CEE & SEE countries by Renewable Market Watch in their yearly updated “Attractiveness index for solar photovoltaic (PV) energy investments in CEE & SEE countries in 2024”. The country’s main strategy to meet the growing need for power is to reduce energy dependency by increasing energy efficiency, increasing the use of renewable resources and nuclear sources. Hungary, for the third consecutive year, was among the GW-scale markets among EU-27 countries in terms of new annual solar capacity additions.
The country’s cumulative installed photovoltaic (PV) power capacity exceeded 8 GW as of the end of June 2025. The number of fully permitted and ready-to-build projects will promptly increase in 2025 and the following years. Many photovoltaic (PV) power plants have been launched into commercial operation between 2012 and 2024, while a pipeline of over 5,600 MW (5.6 GW) of solar photovoltaic (PV) power projects is progressing through different stages of the permitting process for grid connection by 2028.
The report provides a complete picture of the market situation, dynamics, current issues and prospects. You will find more than 125 pages of valuable information in this unique, in-depth analysis of Hungary’s photovoltaic (PV) power market and will receive an overview of how the military conflict in Ukraine and the European Union’s efforts to achieve a significant reduction of Russian gas and other energy commodities import will impact it. With comprehensive market data, this report brings clear and concise insights to help investors in their decision-making process.
As 2023 and 2024 were challenging years for the photovoltaic industry, the time for making the right decisions during 2025 and the next few years is limited. A fast-changing market environment requires relevant and accurate information. For your convenience, we offer an opportunity for orders with customised report content.
Reasons to buy this market report are, but are not limited to:
1. Overview of the Hungarian political and economic environment
2. Solar resource potential in Hungary
3. Financial Model and Analysis of 50 MW Photovoltaic (Solar PV) Power Plant Investment in Hungary (IRR, WACC, Payback, NPV, Cash Flow, etc.)
4. Over 55 charts, tables, and maps
5. Overview of Hungarian photovoltaic market development 2014 ÷ 2034
6. Grid-connected photovoltaic installations
7. Future market trends and planned photovoltaic projects for 2025 ÷ 2034
8. Market prices of fully permitted and operational photovoltaic projects
9. Hungarian Legal and energy regulatory framework for renewable projects
10. Key companies and competitive landscape in the photovoltaic sector
11. Review of most relevant financing and supporting incentives
12. SWOT Analysis (detailed in 5 pages)
The more information about the solar power market in Hungary, including full contact details of solar project owners and developers, you may read here: Hungary Solar Photovoltaic (PV) Power Market Outlook 2025÷2034
For a better understanding of the benefits of using our reports, you may read here: Benefit List – Reports of Renewable Market Watch – 2025
About Renewable Market Watch™
Renewable Market Watch™ is delivering strategic insight into emerging renewable energy markets through its experienced research team and cutting-edge predictive analytics data platform. We partner with our customers to provide research, data and consulting reports in areas appropriate to their specific requirements. Our primary focus is emerging renewable energy markets in Asia Countries, Western Europe, South Europe, Balkan countries, Central and Eastern Europe, CIS states (the former Soviet Union), LATAM countries, and MENA countries. For more information about Renewable Market Watch™, please visit:
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