Output of industrial solar power plants reach high of 3,334 MW on August 23
The government has taken decisions on awarding nearly HUF 82bn of subsidies to applicants for the installation of home solar panels and battery storage.
The government has taken decisions on awarding nearly HUF 82bn of subsidies to applicants for the installation of home solar panels and battery storage.
The scheme is aimed at increasing the security of supplies and boosting renewable energy sources such as wind and solar power.
There will be a bill introduced on extending the lifespan of the existing blocks of the Paks nuclear power plant.
Balázs Hidvéghi said Europe must consider whether now is the best time to implement the Green Deal and transition to renewable energy.
The innovation projects to be financed were expected to contribute to Hungary’s goals of promoting renewable energies and decreasing greenhouse gas emissions.
During a Q&A session in Parliament, Prime Minister Viktor Orbán said Hungary needs the capacity expansion of its only nuclear plant in Paks in order to meet its climate goals.
Built at a cost of 9 billion HUF (28.5m EUR), the new solar plant will have an output of 20.6 megawatts, and will serve over 8,500 households
The plant will be the first of many to provide much needed energy to parts of the region and each is capable of providing electricity for 250-400 households
"The Hungarian support scheme will increase the share of green energy in Hungary's energy mix, whilst preserving competition in the electricity market," European Competition Commissioner Margrethe Vestager said
The prime minister pointed out that Fidesz supports nuclear energy and renewable energy sources equally. However, the Hungarian people cannot pay the additional costs of renewable energy sources, and it now appears that nuclear energy will be the cheapest solution