What is a major investment in a photovoltaic power plant in Slovakia?

A major investment, currently in the permitting process, consists of the construction of the largest battery storage facility in Slovakia and a photovoltaic power plant with a planned capacity of 30 MW. The plant is expected to have 54,000 double-sided photovoltaic panels.

Is Slovakia a good place to invest in solar power?

Slovakia has experienced a steadily accelerating trend in installed solar PV capacity. Notably, the additions of 267 MW and 274 MW in the past two years have shifted the business-as-usual trajectory upward.

How many solar PV plants are there in Slovakia?

There are currently 479 utility-scale ground-mounted solar PV plants with almost 586 MW of installed capacity and 528 MW of rooftop PV systems in Slovakia. The largest solar PV plant to-date was commissioned in 2024 in the municipality of Iliašovce (Košice Region) with installed power at 6.3 MW.

How has solar technology changed in Slovakia?

For the second consecutive year, Slovakia has witnessed notable acceleration in the solar PV sector. This growth has been primarily driven by the declining cost of solar technology, coupled with relatively high energy prices faced by businesses, which has increased interest in PV systems.

Is biomass a viable energy source in Slovakia?

Biomass currently dominates electricity generation from renewables, followed by biogas, solar, and hydropower. Despite its high potential, wind energy remains largely untapped in Slovakia due to its perceived instability and regulatory hurdles.

What is the share of RES-E in Slovakia's electricity generation?

As of the end of 2024, the share of RES-E in Slovakia's electricity generation increased by a percentage point compared to the previous year, reaching 24.2%. Hydropower continues to lead, comprising 66% of the total installed renewable capacity, followed by solar PV at 29% and bioenergy at 5%.