Hungary has achieved a major renewable energy milestone with solar power reaching a 25% share of the country’s energy mix in 2024—the highest in the world, reports Montel, a company providing news and analysis of the energy market.
“[In 2023] we were in third place behind Chile and Greece. With the Hungarian share increasing to 25%, we were ahead of both countries [in 2024],” the Hungarian energy ministry announced in a social media post on Tuesday evening.
The post highlighted that “last year, during peak production periods, solar power plants covered more than 80% of domestic electricity requirements for more than 70 days.”
According to the ministry, Hungary’s total installed solar capacity now stands at 7.8 GW, having expanded by at least 1.2 GW annually since 2022. The report notes that this marks the fastest solar capacity growth in Europe over the past five years. Back in 2019, solar contributed just 4% to Hungary’s energy mix.
The report also revealed that Hungary reached 971 kWh of solar capacity per capita in 2024, putting it among the global leaders in solar deployment on a population basis.
Looking ahead, Hungary is collaborating with neighboring Romania and Bulgaria to ramp up regional renewable capacity, with the trio aiming to collectively install at least 20 GW of solar power by 2030.
