Friday, June 14, 2024

Hungary awards funding for 440 MW of storage – pv journal International

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The Hungarian authorities has allotted HUF 62 billion ($169 million) for grid-scale power storage initiatives in a bid to speed up the additional deployment of renewable power sources.

The Hungarian Ministry of Energy introduced that about 50 grid-scale power storage initiatives with a cumulative capability of 440 MW have acquired subsidy help by means of a young launched in February this yr.

The procurement train is a part of a wider subsidy program within the quantity of HUF 200 billion launched with a view to help households and companies in producing and storing inexperienced power.

On Thursday, the federal government stated it had chosen the profitable bidders and allotted HUF 62 billion for his or her power storage initiatives.

The chosen corporations and organizations should full the set up of the initiatives by the tip of April 2026.

“With the profitable implementation of this system, the power storage capability of the house can enhance about 20 instances inside two years,” the ministry stated within the announcement.

Subsidies can be found by means of the National Recovery and Resilience Plan and the state price range. It consists of non-refundable funding help and revenue funds for the development of power storage services and their operation for no less than ten years.

Operational help might be supplied by means of a two-way contract for distinction. The winners had been chosen based mostly on the precept of the bottom price and the bottom claimed income, the ministry stated.

With the funds obtained by means of the earlier program, the transmission system operator MAVIR has already constructed the most important power storage system within the nation – a 20 MW mission in Szolnok, central Hungary, the ministry stated. It added that a number of initiatives with bigger capability might be positioned underneath the tender that ended just a few days in the past.

The renewable power fleet in Hungary is closely dominated by photo voltaic, which accounts for greater than 85%, and is adopted by wind, which accounts for lower than 6% of the overall put in capability.

The nation had a document yr for brand spanking new photo voltaic in 2023, including 1.6 GW. Preliminary figures from MAVIR present a complete photo voltaic capability equal to three.3 GW of commercial solar energy vegetation and a pair of.3 GW of household-sized installations.

In 2024, the Hungarian authorities continues to help the expansion of residential PV by means of the newly launched Napenergia Plusz Program, a grant scheme for the set up of recent photo voltaic panels and storage methods with a complete price range of HUF 75.8 billion. The scheme is predicted to help over 15,000 households.

Hungary has set a goal of 12 GW of photo voltaic capability initially of the following decade. However, grid capability shortages are extreme, which has primarily hindered the rollout of large-scale photo voltaic.

The revised National Energy and Climate Plan of the nation envisages the development of a complete of 1 GW of storage capability by 2030. The Ministry of Energy encourages the enlargement of the power storage market with devices legislative and monetary, particularly varied reductions on charges and taxes.

The rollout of battery storage is predicted to be supplemented by some pumped hydro capability. The geological analysis drilling for the feasibility research of the primary such mission within the nation has already began.

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