Hungary’s Future Is Nuclear & Renewables

The population of the Hungary is approximately 9.65 million people[1]. In 2017, state-owned utility, the MVM Group used nuclear power (49.7%), natural gas (24.1%), coal (15.7%), and renewable energy (10.5%) to generate electricity in the country[2]. Biomass, wind, and solar are the primary sources of renewable energy in Hungary.

In 2016, the European Union (EU) signed the Paris Climate Agreement[3] and committed to a 40% reduction in greenhouse gas emission by 2030 compared to 1990 levels. As a member of the EU, Hungary is committed to the Paris Climate Agreement.

Hungary is also committed to the EU’s “Renewable Energy Directive,” which requires each country to use renewable energy for 20% of its total energy needs by 2020 and 27% by 2030. The Hungarian government has committed to close the country’s last coal-fired power plant by 2030.

Hungary’s first commercial nuclear power plant commenced operation in 1959[4]. Today, the country has four operating nuclear power plants, which produce approximately half of the country’s electricity. The Hungarian government has strongly supported building two new nuclear power plants in the foreseeable future.

Hungarian utility, MVM Group has recently concluded the solar photovoltaic (PV) tender which was launched in October 2019. Seven companies have been selected to develop solar projects which are expected to have a total capacity of 300 MW. All projects are required to be fully operational within two years of the final award date.

Nuclear power generates zero greenhouse gas emissions. Hungary’s government has overwhelming supported the continued use of nuclear power in the country. The government has also supported the continued development of the country’s renewable energy resources. Hungary is on track to achieve zero carbon emissions from all their power plants by 2040.

 

Jack Kerfoot

Website – “Our Energy Conundrum”

www.jackkerfoot.com

 

 

 

 

[1] Hungary Population (2020) –  September 29, 2020 www.worldometers.info

[2] International Energy Agency – Hungary Electricity Information for 2017

[3] Carbon Brief “Paris 2015: Tracking Country Climate Pledges”

[4] International Atomic Energy Agency – Country Nuclear Power Profiles, Hungary 2015

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