About the project
MET Dunai Solar Park will have an installed capacity of 17.6 MW, and will supply power to the national power transmission grid operated by MAVIR, to be transmitted to any part of Hungary via the national grid. However, due to the physics of electricity, it will mostly be used locally and in the vicinity of Százhalombatta.
The solar power plant, which is expected to become operational in the third quarter (Q3) of 2018, will be built over an area of 40 hectares, partly occupying the site of the Dunamenti Erőmű power plant. The EUR 25mn project will supply power equivalent to the consumption of around nine thousand households.
MET Dunai Solar Park will incorporate the latest technology, and has an expected lifetime of at least 25 years, with revenues for the first 20 years of this period guaranteed under a contract corresponding to a mandatory electricity off-take (KÁT) licence.
While the power needs of an average household could be met by around 8–10 solar panels, the solar power plant will comprise more than 76,000 solar panels. The solar park will save about 9,000 tonnes in carbon dioxide emissions, contributing to the protection of the atmosphere. This amount is roughly equivalent to the annual CO2 emissions of two thousand cars.
The solar power plant will be built by MET Dunai Solar Park Kft., a company independent from Dunamenti Erőmű Zrt. The company is 100% owned by MET Asset Management AG, which also owns a majority stake in Dunamenti Erőmű Zrt.
MET Dunai Solar Park Kft. relies on market-based project finance provided by commercial banks to implement the project.