The company will initially build solar facilities at three of its main industrial sites in Hungary, on currently unused areas.
Lithium ion (Li-ion) manufacturer, GS Yuasa has announced plans to establish a European subsidiary, and to construct a new manufacturing plant for lithium batteries in Miskolc, Hungary.
The new scheme envisages the construction of 600 solar farms with a capacity of 0.5 MW each.
Minister heading the Prime Minister’s Office, János Lázár, outlines plan to ease regulations regarding solar installations up to 500 kW installed on small one hectare sites, confirms government will offtake all solar energy produced.
The Hungarian government has updated the Decree 389/2007, which regulates the support for renewable energies, to allow around 2 GW of projects approved under the FIT program to see completion by the end of 2018, although the incentive scheme was closed in mid-2016.
The European Commission said the support scheme is in line with its 2014 Guidelines on State Aid for Environmental Protection and Energy.
The Hungarian Development Bank started a subsidized loan program for renewable energy and energy efficiency in late April. The €350 million program will run through to 2022.
The Dutch project developer plans to build PV plants for its own portfolio in the European country.
Renewable energy support policies at the national and European level are needed to reduce the cost of capital for solar PV and onshore wind projects in countries in the South East of European, according to an extensive study undertaken by Ecofys,
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