Hungary to be in the top 5 in green energy storage worldwide by 2030, says official

Hungary is set to have the largest green energy storage capacity in the world by 2030, after China, the US and Germany, a government official said on Tuesday, also noting that its climate protection plan announced in 2020 set the goal of producing 90 percent of the country’s electricity from green, carbon dioxide-neutral sources by 2030.

“We’ve now got to the point that solar panel capacities planned for 2030 will be completed in 2024,” László György, the government commissioner for professional cooperation in economic strategic tasks, told a press conference in Nyíregyháza, in eastern Hungary.

He said various schemes had been launched to increase energy storage capacity and promote the green transition, noting 75 billion forints-worth of subsidies for households and 30 billion forints available for businesses to purchase electric cars, among other programs.

Referring to a public survey on green energy consultation the government launched recently, he said the 13-question online questionnaires can be completed by April 15. The government wants to know whether citizens support Hungary “being the leader of the energy revolution” and whether energy should be produced in an environmentally friendly way. It also wants to understand attitudes to “the domestic production and development of energy storage systems” and whether homes “should be linked to this green system”, he said.

As we wrote earlier, in the last few months, Spanish, Danish and German companies would have invested in Hungary to extend their portfolio in the skyrocketing solar power industry. However, the government introduced a new regulation which makes it almost impossible for a foreign company to invest in Hungary, details HERE.

read also:

• Hungary’s solar energy capacity up at 5,600 MW in 2023
• From office to operations: transforming your business for a greener tomorrow

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