Hungary plan low-cost loans, relaxed rules for small solar - report

Solar panels. Author: Patrick Kain. License: Creative Commons, Attribution-ShareAlike 2.0 Generic.

December 15 (Renewables Now) - Hungary plans to ease the requirements for building small solar parks and provide subsidised loans to promote renewables, according to a government official quoted by Reuters.

The government’s goal will be to back as many photovoltaic (PV) projects as possible amid efforts to lower power imports in country in the next 20 years , Prime Minister Viktor Orban’s chief of staff, Janos Lazar, was cited as saying at a news conference. The planned policy changes include new rules for the use of farmland and the provision of subsidised loans to farmers and companies through state-owned development bank MFB. The financing will be extended for plants with capacities of up to 500 kW, the output of which will be bought by the state.

At present, Hungary is dependent on power imports and generation from its Paks nuclear plant. The country is pursuing a target of producing 13% of its electricity from renewable sources by 2020.

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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