Hungaryʼs government to support farm solar parks
The government will draft a plan to support the establishment of 3,000 small solar parks on farmland, János Lázár, the minister heading the Prime Ministerʼs Office, said at a weekly press briefing on Thursday.
Lázár said the solar parks would each have a capacity of around 0.5 MW, requiring about 1 hectare of land. Landowners or farmers will be eligible for support for a single such solar park, he added, as reported by national news agency MTI.
The government has already started consulting with the European Commission, which favors the initiative modeled on similar programs in Austria and Germany, said Lázár. Hungary needs to continue to reduce its energy dependency and raise the share of renewable energy within its energy mix to 50%.
"If we have received EU support for our nuclear power plant project, then we are certain to get support for our solar panel program," he added.
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
.jpg)
