Weekly energy market update:...

Brent oil futures for the Front Month on the ICE market reached their...

Europe: Electricity prices stable...

During the fourth week of November, electricity prices in most major European markets...

Europe: Southern demand rises...

During the week of November 24, electricity demand showed a contrasting pattern across...

Europe: Solar production declines...

During the week of November 24, solar photovoltaic (PV) energy production declined in...
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HomeSEE Energy NewsHungary: 200 mln...

Hungary: 200 mln € tender for solar panels subsidies announced

Hungarian Energy Minister Csaba Lantos announced the publication of a tender for HUF 75 billion (198 min euros) in subsidies for home solar panels and battery storage.

Pre-registration for companies that install solar panels and battery storage started Monday and household applications will be accepted from the middle of January, Lantos said. Households may apply for up to HUF 5 million in support, covering two-thirds of investment cost.

Detached homes or blocks of flats with up to six homes are eligible for the subsidies. The support may only be used for new investments, not to expand existing arrays of solar panels.

Over 245,000 homes in Hungary have solar panels with a combined capacity of around 2,200 MW.

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