Forecast: Solar Electricity Production Capacities in Hungary 2022 - 2026 Discover more data with ReportLinker!

HU: Electricity Generation: Net: Natural Gas data was reported at 944.049 GWh in Feb 2025. This records a decrease from the previous number of 999.544 GWh for Jan 2025. HU: Electricity Generation: Net: Natural Gas data is updated monthly, averaging 637.730 GWh from Jan 2017 (Median) to Feb 2025, with 98 observations. The data reached an all-time high of 1,069.171 GWh in Jan 2019 and a record low of 373.906 GWh in Jun 2024. HU: Electricity Generation: Net: Natural Gas data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Hungary – Table HU.Eurostat: Electricity Generation: by Type of Fuel.

The size of the Renewable Energy in Hungary market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 6.50% during the forecast period.Hungarian renewable energy sources can be used in electricity and heat generation. Used renewable sources of energy are solar, wind, biomass, geothermal, and hydropower. Renewable energy is one of the priorities of development areas in Hungary that are pushing toward an alternative sustainable future, without dependence on fossil fuels.Hungary has been dominated by solar energy among the sources of renewable energy. It has really exhibited very impressive growth over the last few years. This growth can be attributed to favorable solar irradiation and supportive government policies in Hungary. That being said, Hungary is also well endowed with geothermal resources, especially the Great Hungarian Plain, which may be exploited for heating and cooling purposes. Wind is in the list, but could not gain momentum due to the prohibition imposed by the government.The Hungarian government has adopted numerous policies and incentives to promote renewable energy. Among them, feed-in tariffs, tax breaks, and net metering are the best examples. Since the sector of renewable energy is likely to define the future of the energy profile of Hungary, the country is still on its journey towards energy independence and environmental sustainability. Recent developments include: January 2023: The construction of MET Gerjen Solar Park and MET Söjtör Solar Park was successfully concluded, and both solar power plants, with a combined capacity of 96 MWP, officially commenced commercial operations. These investments span a total area of 170 hectares across the two municipalities in Hungary. Completing these projects involved installing nearly 180,000 solar panels, solidifying their significant contribution to the country's renewable energy infrastructure., May 2022: MVM Group, the state-owned energy company in Hungary, revealed plans to construct 28 new solar power plants, each with a capacity of 0.5 MW. The European Union partly funded this investment, aligning with the company's mid-term strategy to advance the adoption of renewable energy sources in Hungary. The project aligns with the country's commitment to achieving its 2050 climate goals and transitioning to a greener energy landscape. The newly planned solar power plants are expected to commence commercial operation in the coming year, contributing to the expansion of renewable energy generation in Hungary.. Key drivers for this market are: 4., Government Supportive Policies and Regulations4.; Solar Energy Potential. Potential restraints include: 4., Limited Access to Financing. Notable trends are: Solar Energy Expected to Witness Significant Market Growth.

Hungary - Energy: Production of electricity was 3270.37 GWh in April of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Hungary - Energy: Production of electricity - last updated from the EUROSTAT on August of 2025. Historically, Hungary - Energy: Production of electricity reached a record high of 3487.00 GWh in January of 2008 and a record low of 1827.00 GWh in April of 2014.

The average wholesale electricity price in July 2025 in Hungary is forecast to amount to******* euros per megawatt-hour. Hungary's electricity prices peaked in August 2022, at around ***** euros per megawatt-hour.

Hungary HU: Electricity Generation: Net: Hydro data was reported at 17.984 GWh in Feb 2025. This records a decrease from the previous number of 22.537 GWh for Jan 2025. Hungary HU: Electricity Generation: Net: Hydro data is updated monthly, averaging 20.052 GWh from Jan 2008 (Median) to Feb 2025, with 206 observations. The data reached an all-time high of 80.000 GWh in Dec 2010 and a record low of 5.000 GWh in Apr 2013. Hungary HU: Electricity Generation: Net: Hydro data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Hungary – Table HU.Eurostat: Electricity Generation: by Type of Fuel.

The Hungary renewable energy market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 6.5% during 2023–2031. The growth of the market is attributed to the expanding renewable energy installation capacity and planned projects in order to meet their long-term carbon-free goal.



Hungary is considered a medium power in international affairs, owing to its cultural and economic clout. It is a developed country with a high-income economy that scores extremely high on the Human Development Index, with universal health care and tuition-free secondary education for its residents.

Hungary road, rail, aviation, and water transportation systems are all well-developed. Budapest, Hungary capital has the world's second-oldest subterranean metro system.



Hungary is a member of the European Union, and as such, it participates in the EU's renewable energy plan. The EU approved the renewable energy directive in 2009, which set a 20 percent renewable energy target for the EU by 2020. Wind should provide 26-35 percent of the EU's power by 2030, saving Europe €56 billion in avoided fuel expenses per year. Hungary's national authors predict that 14.7 percent of total energy consumption will be renewable by 2020, above their 13 percent binding objective by 1.7 percentage points.



Renewable energies contributed for almost 10% of Hungary electrical output in 2018. The government is counting on biomass and solar energy to meet its self-imposed goal of generating at least 14.65 percent of its power from renewable sources during forecast period.



In 2019, 653 megawatts of additional capacity were added to the system (2018: 410 megawatts). Hungary has a total installed solar capacity of 1,450 megawatts by the end of 2019. By 2023, the Solar Europe Association forecasts the industry to have grown to more than 3,700 megawatts.<

Hungary HU: Electricity Generation: Net: Solar Thermal data was reported at 0.000 GWh in Feb 2025. This stayed constant from the previous number of 0.000 GWh for Jan 2025. Hungary HU: Electricity Generation: Net: Solar Thermal data is updated monthly, averaging 0.000 GWh from Jan 2017 (Median) to Feb 2025, with 98 observations. The data reached an all-time high of 0.000 GWh in Feb 2025 and a record low of 0.000 GWh in Feb 2025. Hungary HU: Electricity Generation: Net: Solar Thermal data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Hungary – Table HU.Eurostat: Electricity Generation: by Type of Fuel.

The size of the Hungary Geothermal Energy Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 10.00">> 10.00% during the forecast period. In the Hungarian market, an increase in momentum for geothermal energy is experienced, mainly due to the determination of the country to make energy sources both diverse and sustainable. Hungary, with abundant geothermal resources, especially in large areas such as the Great Hungarian Plain, has a potential that can be key for the utilization of geothermal energy, not only in electricity generation but also direct heating applications. The government actively promotes geothermal development under its national energy strategy by reducing its reliance on fossil fuels and decreasing greenhouse gas emissions. Recent advancements in drilling technology combined with increased interest in renewable energy have led to a good injection of funds into geothermal projects, both exploration and production facilities. Projects like the use of geothermal heat for district heating are already seeing the promise of geothermal energy as a viable local source of energy, which proves cost-effective, too. Renewable sources of energy are gathering much pace in Hungary as the country seeks to embrace the climate goals of the European Union. Of course, the hurdles remain-the regulatory ones and the level of public awareness, to say nothing else-but otherwise, the prospect for the Hungarian geothermal market is positive. Further investment in the infrastructures and technology will likely be crucial for Hungary in its evolution towards more sustainable and resilient energy systems, helping the country achieve energy independence and economic growth. Recent developments include: In October 2022, the Hungarian government announced plans to support the upscale of domestic geothermal energy, which can reduce the country's energy dependence by replacing about 1-1.5 billion cubic meters (bcm) of natural gas annually., In August 2022, a geothermal heating network would be built with 27 wells, 16 heating plants, and 250 kilometers of distribution pipe network in the city of Szeged in Hungary. Upon completion, this project will be the most extensive geothermal urban heating system outside Iceland.. Key drivers for this market are: 4., Increasing Demand from Various End-user Industries. Potential restraints include: 4., Higher Capital and Operational Cost. Notable trends are: Increasing Demand for Alternative Clean Energy Sources Expected to Hinder the Market.

Hungary HU: Electricity Generation: Net: Solar Photovoltaic data was reported at 592.884 GWh in Feb 2025. This records an increase from the previous number of 308.819 GWh for Jan 2025. Hungary HU: Electricity Generation: Net: Solar Photovoltaic data is updated monthly, averaging 187.178 GWh from Jan 2017 (Median) to Feb 2025, with 98 observations. The data reached an all-time high of 1,173.301 GWh in Jul 2024 and a record low of 8.931 GWh in Jan 2017. Hungary HU: Electricity Generation: Net: Solar Photovoltaic data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Hungary – Table HU.Eurostat: Electricity Generation: by Type of Fuel.

East Europe Renewable Energy Market size was valued at USD 7.39 Billion in 2024 and is projected to reach USD 10.98 Billion by 2032, growing at a CAGR of 4.5% from 2026 to 2032.

Key Market Drivers: Government Policies and Targets: The European Union has set lofty renewable energy targets, aiming for a 42.5% proportion of renewables in total energy consumption by 2030. This policy framework encourages eastern European countries to invest in renewable energy infrastructure.

Declining Costs of Renewable Technologies: Renewable energy projects are becoming more economically viable as the costs of solar and wind energy technologies decrease. This trend is visible in nations such as Poland and Hungary, where solar electricity generation climbed by 33.3% and 47.7%, respectively, in the first seven months of 2024 when compared to the same period in 2023.

Forecast: Geothermal Power Production in Hungary 2022 - 2026 Discover more data with ReportLinker!

The electricity delivery process has experienced a major shift in recent years, driven by a push to reduce emissions. Governments across Europe are actively moving away from conventional sources of electricity generation, leading to a decline in the continent's dependency on fossil fuels. According to the International Energy Agency (IEA), renewables accounted for 41.7% of electricity generation in Europe in 2022, up from 32.9% in 2017. The rise of renewables has spurred an influx of renewable generators and necessitated increased investment in electricity networks. This has lifted revenue for transmission and distribution network operators. Revenue is forecast to rise at a compound annual rate of 8.7% over the five years through 2025, reaching €2.8 billion. Falling wholesale prices and a reduction in overall electricity consumption spurred a drop in revenue during the pandemic. Excess demand for natural gas as economies loosened pandemic-related restrictions spurred a strong rebound in wholesale electricity prices in 2021, translating to a jump in revenue. Wholesale prices recorded a renewed spike following Russia’s invasion of Ukraine, spurring a surge in revenue generated by electricity producers and suppliers. Renewable generators were able to rake in extra profit from electricity sold to wholesale markets at inflated prices, counterbalancing a significant rise in costs for fossil fuel generators and electricity suppliers. Wholesale prices have since come down as Europe has diversified its fuel mix away from Russian gas. Revenue is forecast to decline by 5.1% in the current year. Revenue is forecast to increase at a compound annual rate of 0.3% over the five years through 2030 to €2.9 billion. The revised Renewable Energy Directive of the EU has set a goal for 69% of electricity to be generated from renewables by 2030. Electricity generators will continue expanding their renewables capacity, while investment in upgrading the electricity network to accommodate the rapid shift to renewables will boost income for transmission and distribution network operators. Rising renewable electricity generation will place downward pressure on wholesale prices, though the electrification of heat and transport is set to spur an uptick in demand for electricity across the continent.

Access to electricity, urban (% of urban population) in Hungary was reported at 100 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Hungary - Access to electricity, urban - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Hungary Geothermal Energy Market size was valued at USD 270 Million in 2024 and is projected to reach USD 578.8 Million by 2032, growing at a CAGR of 10% from 2026 to 2032. Key Market Drivers

Environmental Policy & EU Regulations: The European Union's commitment to achieving net-zero emissions by 2050 has led to the implementation of policies that support the adoption of renewable energy technologies, including geothermal energy. Hungary committed to reducing greenhouse gas emissions by 40% by 2030 compared to 1990 levels. The government's Energy Strategy 2030 aims for 20% renewable energy in final energy consumption. USD 16.69 Billion in EU funding was allocated for Hungary's green transition between 2021-2027.

Growing District Heating Demand: The increasing demand for district heating in Hungary is another key driver of the geothermal energy market. District heating, a system that provides centralized heating to residential, commercial.

Electricity prices in Europe are expected to remain volatile through 2025, with Italy projected to have some of the highest rates among major European economies. This trend reflects the ongoing challenges in the energy sector, including the transition to renewable sources and the impact of geopolitical events on supply chains. Despite efforts to stabilize the market, prices in countries like Italy are forecast to reach ****** euros per megawatt hour by February 2025, indicating persistent pressure on consumers and businesses alike. Natural gas futures shaping electricity costs The electricity market's future trajectory is closely tied to natural gas prices, a key component in power generation. Dutch TTF gas futures, a benchmark for European natural gas prices, are projected to be ***** euros per megawatt hour in July 2025. The reduced output from the Groningen gas field and increased reliance on imports further complicate the pricing landscape, potentially contributing to higher electricity costs in countries like Italy. Regional disparities and global market influences While European electricity prices remain high, significant regional differences persist. For instance, natural gas prices in the United States are expected to be roughly one-third of those in Europe by March 2025, at **** U.S. dollars per million British thermal units. This stark contrast highlights the impact of domestic production capabilities on global natural gas prices. Europe's greater reliance on imports, particularly in the aftermath of geopolitical tensions and the shift away from Russian gas, continues to keep prices elevated compared to more self-sufficient markets. As a result, countries like Italy may face sustained pressure on electricity prices due to their position within the broader European energy market.

Hungary HU: Electricity Generation: Net: Wind on Shore data was reported at 36.507 GWh in Feb 2025. This records a decrease from the previous number of 60.890 GWh for Jan 2025. Hungary HU: Electricity Generation: Net: Wind on Shore data is updated monthly, averaging 51.596 GWh from Jan 2017 (Median) to Feb 2025, with 98 observations. The data reached an all-time high of 103.171 GWh in Feb 2020 and a record low of 26.648 GWh in Aug 2024. Hungary HU: Electricity Generation: Net: Wind on Shore data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Hungary – Table HU.Eurostat: Electricity Generation: by Type of Fuel.

Revenue is forecast to dwindle at a compound annual rate of 3.9% over the five years through 2025. Major economies have moved away from coal-fired power plants in favour of more sustainable and environmentally friendly electricity generation methods to work towards climate goals. Lignite is also less popular than hard coal and leaves a larger carbon footprint due to its higher moisture content and lower carbon content. The consumption of lignite, or brown coal, has fallen significantly, weighing on revenue prospects for lignite miners. In 2025, revenue is forecast to dive by a further 18.8% to €19.2 billion. Higher coal prices in 2022 supported revenue, but as prices have fallen from their peak and continued to trend downwards, this has accelerated the negative impact on revenue. Uncertainties surrounding the supply of gas have forced many countries in Europe to increase their coal consumption, though as these uncertainties have dissipated, demand and consumption have continued their downward trajectory, hurting revenue. Over the five years through 2030, revenue is expected to tumble at a compound annual rate of 8.1% to €12.6 billion. The continual phasing out of coal and lignite-fired power stations will continue weighing on demand and consumption of lignite, exacerbating the fall in revenue. The ongoing trend of weakening prices will also weigh on revenue and profitability as mines cannot reduce operating costs when a mine is at or near capacity, forcing lignite miners to absorb a greater portion of costs at the expense of bottom lines. High lignite consumption in some non-EU countries like Turkey and the Western Balkans might cushion the revenue fall in the short term.

Hungary HU: Electricity Generation: Net: Geothermal data was reported at 0.735 GWh in Feb 2025. This records a decrease from the previous number of 0.737 GWh for Jan 2025. Hungary HU: Electricity Generation: Net: Geothermal data is updated monthly, averaging 0.000 GWh from Jan 2008 (Median) to Feb 2025, with 206 observations. The data reached an all-time high of 1.098 GWh in Jan 2020 and a record low of 0.000 GWh in Aug 2024. Hungary HU: Electricity Generation: Net: Geothermal data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Hungary – Table HU.Eurostat: Electricity Generation: by Type of Fuel.

Hungary HU: Electricity Generation: Net: Wind off Shore data was reported at 0.000 GWh in Feb 2025. This stayed constant from the previous number of 0.000 GWh for Jan 2025. Hungary HU: Electricity Generation: Net: Wind off Shore data is updated monthly, averaging 0.000 GWh from Jan 2017 (Median) to Feb 2025, with 98 observations. The data reached an all-time high of 0.000 GWh in Feb 2025 and a record low of 0.000 GWh in Feb 2025. Hungary HU: Electricity Generation: Net: Wind off Shore data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Hungary – Table HU.Eurostat: Electricity Generation: by Type of Fuel.