Hungary currently has a population of approximately of 9.67 million people. In 2017, Hungary’s power plants used fossil fuel (68%), renewable energy (16%) and nuclear power (16%) and to generate electricity across the country. Natural gas, oil and coal are all used in Hungary’s fossil fueled power plants to generate electricity. Biomass is the primary source for electricity from renewable energy in the country.
The government of Hungary has very ambitious energy and climate goals. The government recently announced that it plans to close all coal fueled power plants by 2030. Hungarian government has also mandated that the country will be fully reliant on renewable energy sources by 2030.
Hungary formerly joined the European Union (EU) on May 1, 2004. All EU members must source at least 20% of their country’s energy from renewable sources by 2020. The EU has further mandated price increases for the price of coal to ensure all member countries continue to reduce greenhouse gases. The Hungarian government anticipates the country will be investing heavily in utility scale solar parks to replace the coal-fueled power plants.