ABO Energy recently inaugurated a 20 megawatts solar farm in Hungary, after having connected it to the grid. The project near the city of Szarvas in the Southeast of the country is the biggest project ABO Energy has developed and constructed in Hungary to date. The sale is planned for the first half year of 2025.
ABO Energy started developing the project in 2021. Until the end of 2023, the local team secured the land, the grid connection, and obtained all permits. The construction started in 2024 and was finished in October. 'We are proud of this project success and thank all our colleagues for their great commitment. We also thank the municipality and local authorities for the good and fruitful cooperation', said András Kósa, General Manager of ABO Energy Hungary, in his inauguration speech. The solar farm will produce 38.000 megawatt hours of green power per year, which is enough to supply 12.600 households.
Besides the project in Szarvas, ABO Energy is currently constructing three other projects in Hungary. Two solar farms near Szolnok with a total of 14 megawatts are almost completely constructed and prepared to be connected to the grid this winter. Additionally, the 12-megawatt solar farm Karcag is currently under construction and expected to be in the mechanical completion phase in December. The grid connection is planned for February 2025. Apart from these constructions, ABO Energy sold the project rights for the 250-megawatt solar farm Balotaszállás in April this year. Another solar project with 9 megawatts near Szakoly is in commercial operation since April and is planned to be sold in 2025.
The Hungarian subsidiary of ABO Energy was founded in 2019. With the development of more than 500 MW and partial construction, 2024 marks the most successful year since the market entry. In total, five projects have been connected to the grid this year. Due to these successes, the local Hungarian team has grown to more than 25 employees.
Source: ABO Energy
