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    Government earmarks HUF 103 billion for developing electricity grid

    June 16, 2022 - Hungarian Official News Digest


      Thanks to the upgrade, the system will be able to absorb an additional 2,000 MW of energy from renewable sources.

      Attila Steiner, state secretary for energy and climate policy, said Hungary's government has earmarked HUF 103 billion (EUR 25.8m) for developing its electricity grid. Thanks to the upgrade, the system will be able to absorb an additional 2,000 MW of energy from renewable sources, he said. Hungary has a total solar energy utilisation capacity of over 3,000 megawatts. Its solar energy capacity has increased tenfold over the past ten years, with 26 percent of electricity coming from renewable sources in 2021, the state secretary said. Last week the European Commission granted Hungary HUF 23 billion to develop its electricity grid, mainly for establishing storage facilities, Steiner noted. The amount, along with contributions from the central budget, will be used to create storage capacity for 500 megawatts of electricity, he said.


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