mitigia

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solarnow

Solarnow - Solar Program

General information


Project stage

mitigia timeline

VVB & Registry

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Description

The Szihalom solar power plant, developed and operated by Solarnow Fejlesztő Kft., is a fully on-grid, commercial renewable energy facility supplying clean electricity directly to Hungary’s national grid. As both investor and operator, Solarnow is authorized to generate Voluntary Carbon Units (VCUs) associated with the project, ensuring that the environmental benefits of the investment are fully recognized within the voluntary carbon market.

This project qualifies as an additional green investment, as confirmed through documentation and energy production data. Carbon credits are issued exclusively for electricity volumes not linked to direct green energy sales contracts or origin guarantees, thereby excluding any possibility of double counting. This transparent approach ensures that each VCU represents a verifiable and uncompromised contribution to emission reduction.

Between September 6 and December 31, 2024, the Szihalom plant generated a total of 12,175,900 kWh of renewable electricity. From this, 4,814,623 kWh was eligible for carbon credit issuance under Mitigia’s methodology, forming the basis of Solarnow’s contribution to the voluntary carbon market.

For Solarnow Fejlesztő Kft., the Szihalom solar project is not an isolated achievement but part of a long-term strategy to expand and deepen green investment activities. By combining renewable power generation with high-integrity carbon credit issuance, the company strengthens both its own sustainability profile and that of the businesses that choose to offset emissions through its projects.

Issued units

0
total VCUs
0
available VCUs

Sectors

Renewable Energy / Solar Power 

Location

Hungary, Europe

Details

Program ID: TEQ-6ZV-JGPS  
Project type: Green energy production (solar power plant operation)
Monitoring period: 2023.12.19-2024.12.31
Signature date: 2025.03.09.
Type of receiver: End-user
Status of issuance: VCU (Verified Carbon Unit)
Underlying standard: international Carbon Cycle, Quality Technology Change Standard v2
Methodology: Post-financing of investments in Green Energy production by issuing Carbon Credits

 

Documentation


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