Good news: EUR 784M REPowerEU funds came to Hungary!

A substantial amount of the 300 billion forints (EUR 784m) of newly arrived EU funds will go towards upgrading and expanding the capacity of Hungary’s electricity network, also with a view to improving its operational reliability, the energy ministry said on Thursday.

Fully 779.5 million euros of REPowerEU funds were transferred on Thursday, the ministry noted on Facebook.

The ministry said it was taking measures to expand energy communities, spread energy storage, and use more biogas, biomethane, geothermal energy and hydrogen.

Besides expanding production capacity and applying clean technologies, funding will go towards retraining professionals in the sector.

Further, businesses greenifying transport can request a non-refundable state funding of 2.8-4 million forints to buy a pure electric car, van or minibus.

Ministry: Hungary receives additional HUF 300 bn in EU funding

Read also:

• Unexpected turn of events: EC sends Hungary EUR 1 billion – Read more HERE
• Hungary’s EU funding for the 2014-2020 projects under completion – Details in THIS article