Open AccessFinancial and return aspects of solar power stations in Hungary
Author(s) -
Emese Michaletzky-Csikós,
Áron Szennay
Publication year - 2021
Publication title -
prosperitas
Language(s) - English
Resource type - Journals
eISSN - 2786-4359
pISSN - 2064-759X
DOI - 10.31570/prosp_2021_0001
Subject(s) - renewable energy , tariff , context (archaeology) , greenhouse gas , natural resource economics , electricity , solar power , finance , rate of return , feed in tariff , business , solar energy , electricity generation , production (economics) , economics , environmental economics , environmental science , power (physics) , energy policy , engineering , geography , international economics , electrical engineering , microeconomics , ecology , physics , archaeology , quantum mechanics , biology
Electricity production is one of the major sources of global gas house gas (GHG) emission and is therefore responsible for climate change. In this context, renewable energy sources may have a significant role. Our research analyses the financial return of solar power stations in Hungary. Lowcapacity (0.3-1.0 MW) solar power stations were examined to highlight differences between the former (mandatory take-over tariff, KÁT) and present (renewable energy subsidising scheme, METÁR) renewable energy take-over schemes regarding financial return. Our results show that both analysed projects have a positive financial return. However, the KÁT project has an excessive return rate, therefore the phasing out of the scheme can be considered justified.