MVM announces ambitious solar investment plan

Shortly after announcing the planned start of construction on the Paks II nuclear power plant, Hungarian based Magyar Villamos Muvek (Hungarian Electricity Works, MVM) announced a beginning of an ambitious investment program aimed at implementing 108 solar units across the country. The €160 million worth plan will increase the installed solar power plant output by around 100 MW. Two main sites proposed by the project will each have a 20 MW capacity and are estimated to cost just below €29 million. 35% of the investment will be covered by EU funding.

Source: Budapest Business Journal

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