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 on one site, the planned location of the photovoltaic power plant will be installed in the northeast of Felsőzsolca-Onga, next to road 3605 between Felsőzsolca-Onga, near the border of the village of Onga. The property of Felsőzsolca 056 is 100 % owned by the Municipality of Felsőzsolca, and the other properties concerned are owned by private individuals. The use of the real estate takes place in the framework of a lease contract concluded between MVM Hungarowind Kft. and the municipality (the municipality leases privately owned areas with a contract similar to the contract with MVM Hungarowind Kft. and then leases it to MVM Hungarowind Kft.), so there is no change in ownership of the land during the implementation of the investment and subsequent operation of the power plant. 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 74 695.51 GJ/year of energy from renewable sources and an average reduction in greenhouse gases of 20 242,48 tCO2/year. 4. Description of the project’s characteristic data a. Project title: Installation of a photovoltaic power plant in Felsőzsolca b. Total net cost (Total investment costs): HUF 8 981 280 000 net eligible cost of the project: HUF 8 379 566 173 d. amount of aid requested: HUF 3 144 432 207 e. Rate of aid requested: 37.53 % f. Average annual reduction of greenhouse gases (tonnes of CO2 equivalent/year): 20 242.48 g Average of energy from renewable sources (GJ/year): 74 695,51 h In-built capacity for renewable energy generation (MWp): 19,9584 o Nominative capacity (MW) of electricity generation system: 16,632 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): 443,685 j. Financial rate of return on the investment claimed (BMR): 2.49 % 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 19.9584 MWp with a nominal capacity of 16.632 MW. Solar panels with a capacity of 270 Wp each, placed in the south direction at an angle of 35° on a steel support, generate direct current electricity under the influence of solar radiation or 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. String inverters connect to collection cabinets on 0.4 kV cables