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.
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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