Europe: Brent oil, TTF...

During the fourth week of June, Brent crude oil futures prices experienced a...

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HomeSEE Energy NewsHungary allocates 54.5...

Hungary allocates 54.5 million euros in subsidies for solar panels and battery storage projects

The Hungarian Ministry of Energy has announced that over 10,500 households have received a total of 54.5 million euros in subsidies for solar panel and battery storage projects in the latest round of funding.

To date, the program has supported more than 21,000 participants, with a total funding allocation of 212 million euros. The final batch of applications, submitted before the January 15 deadline, will be evaluated by spring.

This initiative has enabled the installation of 33.2 MW of solar panel capacity and 53.7 MWh of battery storage. Throughout the year-long program, households were eligible for subsidies of up to 12,300 euros, covering about two-thirds of their total investment costs.

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