Doubled Solar Power Plant Capacities at Alteo

The Hungarian energy services firm Alteo put a solar park into operation near Tereske in Nógrád county (northeast of Budapest). With the facility built with its own investment and construction, the company's solar power plant capacity has doubled.

The solar power plant will be able to produce 31 gigawatt hours (GWh) of electricity annually, which is equivalent to the annual electricity consumption of more than 10,000 households.

In 2022, Alteo bought Edelyn Solar Ltd., which owned the project, for the development of the solar power plant. The company implemented the development in nine months with its own investment and construction exceeding EUR 17 million, which can significantly increase the performance of the company's renewable energy production business.

As Alteo CEO Attila Chikán, Jr. explained, since, unlike power plants that use fossil energy, solar farms do not emit harmful substances during their planned lifetime of 25-30 years and do not require drinking water, the investment in Tereske is also useful from a sustainability point of view. The company also pays a lot of attention to ensure that the biological quality of the land used by the solar park and its future usability, which is different from the solar park, are not damaged during the lifetime of the solar power plant and after its completion, he added.

At the end of its useful life, the entire infrastructure of the solar power plant can be simply removed and largely recycled. It also serves sustainability that the 42-hectare area occupied by the solar park can be repeatedly used for farming, and during operation, attention will also be paid to solutions that support biodiversity, Alteo announced.

According to the CEO, the investment is made even more significant by the fact that the Tereske solar power plant is integrated into Alteo's renewable control center, which makes it possible to use the weather-dependent solar power plant in the flexibility services provided to the national electricity grid.