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.

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.

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?