The Hungarian government has amended its recently issued support scheme METAR, in order to introduce a tight deadline for residential and commercial PV, which will, in reality, mean the end of most of projects in this segment. The METAR scheme had been approved by the European Commission last summer.
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.
Hungary’s solar market could see its largest growth ever in 2017. Although the country’s FIT scheme was closed in mid-2016, 2 GW of projects approved under the program could still potentially be installed over the next two years.
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