MNB study envisages HUF 2.25 tln of investments into green energy

Green Energy

Photo by Adriana Iacob/

The National Energy Strategy of Hungary sets out that by 2030 the current approximately 3 GW of renewable energy capacity will increase to over 7 GW and, by 2040 to over 13 GW, but this will require significant investment and debt financing, Hungarian news agency MTI reports, citing a study published by the National Bank of Hungary (MNB).

A boost in renewable energy production is expected to happen largely due to newly installed photovoltaic solar power plants. MNB estimates that the capacity expansion outlined in the national energy strategy will translate to HUF 2.25 trillion in investment needs and almost HUF 1.6 tln in debt financing requirement by 2040.

The study noted that this amount does not include the financing needed for the construction of energy storage capacities and the cost of network development, which also require significant investments adding up to HUF 500 bln.

Due to the transition risk related to climate change MNB considers it desirable that commercial banks increase the share of environmentally sustainable industries, such as the renewable energy industry, in their balance sheets. MNB noted that it has introduced preferential capital requirements for green corporate financing, which will improve the financing environment for renewable energy production.


CIG Pannónia Board Proposes HUF 18-per-share Dividend Figures

CIG Pannónia Board Proposes HUF 18-per-share Dividend

Hungarian Lawmakers Ratify Finland's NATO Accession Parliament

Hungarian Lawmakers Ratify Finland's NATO Accession

IBS Reaches 50-50% Gender Ratio in Management HR

IBS Reaches 50-50% Gender Ratio in Management

Sümeg Castle Reopens History

Sümeg Castle Reopens


Producing journalism that is worthy of the name is a costly business. For 27 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.