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Nov 18, 2019

HUF 20 billion available to Hungarian enterprises for energy projects

Starting today, businesses can each apply for a maximum HUF 100 million of non-refundable development funds for building energy projects anywhere in Hungary.

The ministry of finance has announced that a total of HUF 20.4 billion of European Union funds will be available to Hungarian enterprises for energy projects.

Starting today, businesses can each apply for a maximum HUF 100 million of non-refundable development funds for building energy projects anywhere in Hungary.

The call for proposals under the Economic Development and Innovation Operational Program (GINOP) serves to enhance environmentally conscious economic competitiveness, reduce the environmental burden and alleviate the overheads for businesses, while contributing to climate protection at the same time. 

The funds will enable, among other things, the installation of solar systems, the use of heat pump systems, the improvement of the thermal performance of buildings, the modernization of hot water systems and energy-efficient conversion of indoor lighting systems. Beneficiaries will have a maximum of 24 months to carry out the projects.

Read more here.

Photo credit: portfolio.hu