Hungary to subsidize small-scale solar plants

Portfolio
Hungary plans to squeeze out energy imports within 10 years, replacing its current 50% share using alternative sources, János Lázár, the minister leading the Prime Minister’s Office, announced at the government’s first Kormányinfo press conference in 2018. The government will therefore subsidize the construction of small-scale solar energy parks.
The cabinet has decided to rely 50% on nuclear energy and 50% on renewable, in particular solar energy. The government will do everything it can to ensure that these solar parks are Hungarian-owned, Lázár said. The programme envisions 3,000 such solar parks and is aimed at farmers. There is a similar system in Austria and Germany, Lázár added.

Farmers will receive subsidies to build solar energy parks on their land, with one permit per farmer, and a discount-rate loan will also be made available to them. The plan calls for 0.5 MW solar units, which require about one hectare of land to build.
 

More in Economy

589105517_1370517644541525_6981671907383194795_n
December 01, 2025 16:07

Two large Hungarian companies could take the place of sanctioned Russian companies - MoFA

Péter Szijjártó admits there have been talks

mnb jegybank
December 01, 2025 15:05

There has been a turnaround in corporate credit demand in Hungary, but not due to investments

Central bank publishes the results of its lending survey

December 01, 2025 14:56

Hungary cenbank to hold special discount bill auction and FX swap tender

Aims to improve monetary transmission

nagy márton nemzetgazdasági miniszter
December 01, 2025 12:21

Hungary's Economy Minister says banks made themselves 'filthy rich'

Fiscal issues in focus

zsiday viktor
December 01, 2025 11:45

The real interest rate hike in the US may only come later, says investment expert

Viktor Zsiday's speculative thought experiment on the double-sided nature of US monetary policy

orbán viktor és  vlagyimir putyin
December 01, 2025 10:26

Potential Hungarian buyout of sanctioned Russian oil companies also discussed by Orbán and Putin

Further details emerge on the Hungarian government's Friday Moscow visit

LATEST NEWS
Charting is displayed using TradingView's technology, a platform, where you can build advanced charts, spot upcoming trends in the stock screener, and find inspiration in multiple trading ideas

Detailed search