Hungarian Conservative

According to Csaba Lantos, over 28,000 people have already pre-registered for the Solar Energy Plus programme, with over 15,000 subsidy applications received so far for the installation of solar panels and accompanying green energy storage units.

According to the Hungarian Ministry of Energy, Hungarian gas consumption, similarly to the previous cycle, decreased by a fifth in the last period observed, outperforming the compulsory target prescribed for EU member states.

Industrial power plants and storage facilities can be connected to the grid by 2030, the Ministry of Energy announced. The current energy storage capacity of only twenty megawatts could increase twentyfold by 2026 and fiftyfold by 2030.

The target of six gigawatts was originally set to be achieved by 2030. However, since Hungary has already reached this goal, the government has raised the target to twelve gigawatts by the end of the same period.

The recently launched Solar Energy Plus Programme, announced just a month ago, allows private individuals with privately owned residential properties, beneficial use rights, or leasing agreements to use non-refundable support for renewable energy sources. Thanks to the funding covering two-thirds of their costs, supported households can produce green energy for their own use, and also store it for later use. The supported households become more capable of self-sustainability in terms of energy, effectively reducing their utility bills.

The national solar energy map project aims to promote the use of solar energy and to provide information about the solar energy potential of the residences of those who are considering investing in installing solar panels.

The minister recalled that the Factory Rescue Programme was launched by the government following the outbreak of the conflict in Ukraine, to enable domestic companies to strengthen their independence from the highly unpredictable fluctuations of international energy markets and to preserve jobs and maintain economic performance.

Dodik expressed gratitude for the budgetary support provided by the Hungarian government earlier this year to the Bosnian Serbs, which enabled the institutions to function smoothly. According to the plans, the predominantly Serb-populated region of Bosnia and Herzegovina aims to work on the development of the electrical grid, solar energy, and hydropower, as well as construct a pharmaceutical factory and improve infrastructure.

Europe and Hungary were fortunate to have a mild winter, but ‘a country’s leadership cannot make an unequivocal bet that this will always be repeated,’ Energy Minister Lantos warned. Therefore, the government has decided to raise the level of the security gas reserve. Previously, the country stored 10 per cent of its annual consumption as a security reserve, which was now raised to nearly 2 billion cubic metres, or 20 per cent of consumption, while consumption itself decreased.

Physiocracy played only an episodic role in modern economic political thinking and, therefore, so did the perspective that linked the economy’s performance and ability to produce value to nature.

China’s share in the key manufacturing stages of solar panels surpasses 80 per cent, which is a number that is set to reach 95 per cent in the coming years. As EU countries race towards their energy transition goals the question remains how this phenomenon is going to impact their plans?