Hungarian State secretary Péter Szijjártó said the government would support the investment with a HUF 1 bln grant.
Construction of the plant, which is expected to employ 212 people, should be finished by the second half of 2015.
EcoSolifer managing director Ákos Haidegger said the unit would chiefly produce for export.
Production of solar energy panels is on the rise in the country. Two Hungarian companies, Jüllich Glas and Agulhas-Solar, recently announced that they were boosting production and expanding in the country.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
