Challenges of Establishing Solar Power Stations in Hungary

Abstract

In the context of the ever-growing demand for energy, especially electric energy, from renewable sources, there has been great interest in photovoltaic energy generation. The speed at which the penetration of photovoltaic technology can grow, however, does not simply depend on supply and demand but also on the various policies and schemes adopted by countries around the world. These, in turn, play decisive roles in investment decisions and determine how projects are approached. Investors in photovoltaic (PV) systems need to be aware of the country-specific risk factors for investments and the regulatory environment. The aim of this research was to explore which managerial, economic and technical aspects should be considered in a causal approach when designing PV power plants with over 50 kW of capacity in the Hungarian regulatory environment for the success of the project. The innovative significance of the study is that it presents a validated, practically usable model for the realization of PV power plant projects in Hungary, which provides an in-depth description of the causal steps of their planning and establishment, based on real-life experience. The novel, practical benefit of the research is that it updates and clarifies the steps necessary for the design of PV power plants, since nowadays there are no current scientific works that provide knowledge of a sufficient depth regarding such projects, so these characteristics need to be investigated.