Supported byClarion Energy
HomeSolarHungary awarded 160...

Hungary awarded 160 million euros solar subsidies 

Hungarian government decided to award more than 62 billion HUF (260 million euros) of subsidies to 15,200 applicants for the installation of home solar panels and battery storage, so far, the Energy Affairs Ministry said.

The government launched the close to 76 billion HUF funding program in January. Under the scheme, households may apply for up to 5 million HUF in support, covering two-thirds of investment cost.

As applications have been for an average 4 million HUF, the scheme could support more than 18,000 solar panel investments, the ministry said.

Supported byClarion Owners Engineers
Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Hungarian power prices surge as weak wind drives Southeast Europe higher

Hungarian electricity prices jumped nearly 12% for Tuesday delivery, driving a broader increase across Southeast Europe as a sharp decline in forecast wind generation and higher electricity demand increased the region’s reliance on imports, while German power prices moved...

Solar growth in Hungary leaves businesses exposed to imported power costs

Hungary’s rapid increase in solar generation has not eliminated reliance on imported electricity, according to economic research institute GKI. The institute said the outcome leaves companies exposed to higher power costs when domestic renewable output drops. The assessment points...

Hungary stockpiles 4.8 billion cubic metres for a 96-day winter gas buffer

Underground inventories ahead of the heating season Hungary has accumulated more than 4.8 billion cubic metres of natural gas in underground storage facilities, enough to cover approximately 96 days of total winter demand. The Ministry of Economy and Energy says...
Supported byVirtu Energy