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Hungary submits plan for RePowerEU
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Hungary submitted its plan for RePowerEU, a section of the EU’s Recovery and Resilience Facility (RRF) focusing on energy funding, by the August deadline, the energy ministry said on Friday.
The plan features strategic, regulatory and investment plans designed to strengthen energy sovereignty and a balanced transition to green energy, the ministry said.
The planned developments, coming to a total of 2,300 billion forints (EUR 6bn) according to the programme submitted for the Recovery and Resilience Facility (RRF), include plans to upgrade the electricity network’s capacity and reliability to ensure that energy from sustainable resources can be safely channeled into the electric grid, the ministry said.
Industrial parks will have support in introducing green solutions into their energy mix, thereby increasing their energy independence, the ministry said. A greener economy can contribute to achieving Hungary’s energy, climate protection and competitiveness goals by increasing capacity, introducing clean technologies and by re-training experts to work in the green industry, the statement said.