1. Brief presentation of the organisation implementing the project, previous developments of the project owner MVM Hungarowind Kft. (the 100 % state-owned MVM Zrt. From October 2015 until March 2016, the Pécs Heat Plant had invested in the construction of a photovoltaic power plant with a capacity of 10 MWp in the former, abandoned and fully recultivated tailpit. The Company therefore has sufficient experience to carry out the photovoltaic plant investment according to the present feasibility study. The project management tasks arising in connection with the investment are performed by internal experts (the narrowest internal project management team is made up of the project manager, the deputy project manager and the professional manager), their work is also supported by internally involved administrative staff and by an external project management expert company. The internal project management organisation ensures continuous communication between the investor, the contractor, the technical inspector and other experts, the external expert company is responsible for liaising with the Managing Authority, as well as preparing reports, reports and accounts related to KEHOP support. 2. Description of the initial situation, indication of the project location(s) The project will be carried out in one location, the planned installation area of the photovoltaic power plant is located in the outskirts of the town of Oroszlány, west of the city, next to the Bokodi cooling lake. The properties concerned are owned by Vértesi Erőmű Zrt., which, like MVM Hungarowind Kft., is a member company of the MVM Group. MVM Hungarowind Kft. leases the properties necessary for the implementation of the project from the owner. There is currently no economic activity in the area, including energy production. 3. Substantiating the objectives and justification of the project and presenting the planned results and impacts The planned solar power plant can reduce the CO2 emissions of Hungarian electricity production, thereby contributing significantly to the achievement of both the objectives set out in the National Energy Strategy and the KEHOP — increasing the share of decentralised, environmentally friendly renewable energy sources in electricity production, reducing greenhouse gas emissions — and also contributing significantly to the achievement of climate protection objectives. The primary objective of KEHOP is to reduce greenhouse gas emissions and the planned photovoltaic investment is fully consistent with this objective. The project results in an average of 79 970.45 GJ/year of energy from renewable sources and an average reduction in greenhouse gas emissions of 21 671.99 tCO2/year. 4. Description of the project’s characteristic data a. Project title: Photovoltaic investment exceeding 4 MW b. Total net cost (Total investment cost): HUF 9 292 320 000 net eligible cost of the project: HUF 8 648 113 603 d. amount of aid requested: HUF 3 255 565 070 e. Rate of aid requested: 37.6448 % f. Average annual reduction of greenhouse gases (tonnes of CO2 equivalent/year): 21 671.99 g. Average sales of energy from renewable sources (GJ/year): 79 970,45 h In-built capacity for renewable energy generation (MWp): 20,6496 o Electricity generating system nominal capacity (MW): 17,208 o Rated heat production system rated thermal output (MWt): 0 i. Total net cost of annual greenhouse gas reductions (HUF 000/tonne CO2 equivalent/year): 428,771 j Financial rate of return on the investment claimed (BMR): 2.84 % 5. Brief summary of the technical content of the renewable energy development planned under the project The technical content of the planned development is the realisation of a photovoltaic (PV) power plant with a total capacity of 20.6496 MWp with a nominal capacity of 17.208 MW. Solar panels with a capacity of 270 Wp generate direct current electricity as a result of solar radiation and scattered light. The electricity generated by each panel is summed up by serial-parallel switching. First, a limited number of solar panels are connected with DC cables, these so-called strings. Each string is directly connected to the string inverters placed on the steel support structure, which are responsible for converting the DC energy into AC. The string inverters connect to collection cabinets via 0.4 kV cables, and the collection cabinets also connect with 0.4 kV cables to the 0.4 kV switchgear in the 10.5/0.4 kV transformer station. The transformer stations transform the electricity generated in the field to the connection voltage level and then connect to a 10.5 kV switch station. After the switch station, electricity is fed through the production line (cable) of MAVIR Oroszlány 220/120 kV substation 10.5 kV