Terrán won a HUF 326 mln government grant for the investment. Terrán managing director Attila Gódi said the plant that will turn out its Generon-brand solar tiles is the company's sixth, in addition to three others in Hungary and two abroad.
The firm plans to produce "at least 200,000 solar tiles a year" in the future, he added.
Minister of Finance Mihály Varga said Terrán's history goes back 100 years, adding that the company has always been able to adjust to changes in the market through imagination and innovation.
Terrán employs more than 300 people in Hungary and about 100 abroad.
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