Hungary’s government to earmark EUR 25.8m for electricity grid development
Hungary’s government has earmarked 103 billion forints (EUR 25.8m) for developing its electricity grid, the state secretary for energy and climate policy said on Tuesday.
Due to the upgrade, the system will be able to absorb an additional 2,000 MW of energy from renewable sources, Attila Steiner told a press conference in Kerepes, near Budapest.
Hungary has a total solar energy utilisation capacity of over 3000 megawatts.
Its solar energy capacity has increased tenfold over the past ten years, with 26 percent of electricity coming from renewable sources in 2021, the state secretary said.
Last week the European Commission granted Hungary 23 billion forints for developing its electricity grid, mainly for establishing storage facilities,
Steiner said. The amount, along with contributions from the central budget, will be used to create storage capacity for 500 megawatts of electricity, he said.
- read also – New energy deal: Hungary to store Serbia’s gas
Read alsoHungary, Ukraine electricity authorities discuss trade cooperation
please make a donation here
Hot news
China honors the legacies of Hungarian architect László Hudec and poet Sándor Petőfi
Unforeseen: EU starts investigation against Hungarian Wizz Air!
New surprising study reveals how stressful driving is in Budapest compared to other cities
Devastating news: life expectancy at birth in Hungary low, Romania may soon precede Hungary
Unexpected turn: Biggest Aldi store will open in Budapest
Hungarian taxi companies in trouble? Uber reaches another milestone to relaunch service in Budapest