Electricity Distributors Unveil Projects to Boost Renewables Capacity
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Regional electricity distributors MVM Démász and MVM Émász on Friday showcased projects involving over HUF 70 billion in network upgrades that will boost renewables capacity by around 700MW, according to a report by state news wire MTI.
State secretary for energy Attila Steiner said the projects are getting around HUF 35 billion in support from some HUF 103 bln earmarked for upgrades by electricity distributors and transmission system operator Mavir to boost network capacity for electricity from renewables. That funding is set to come from Hungary's Recovery and Resilience Facility (RRF) plan, but the government has decided to pre-finance projects while talks with Brussels continue, he added.
The projects will boost MVM Démász's capacity for electricity generated from solar by at least 456 MW and MVM Émász's by at least 238 MW by the spring of 2026. The two distributors together have about one-third market share.
The government recently decided to suspend new household applications to join the country's feed-in tariff scheme after home solar panel volume outpaced network capacity. The suspension will be lifted when the necessary network upgrades are made.
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