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The funding is part of a EUR 2.5 bln package supporting 51 energy‑related projects across the EU, financed through revenues from the EU Emissions Trading System.
Since 2021, total disbursements from the Modernization Fund have reached EUR 23.2 bln, underscoring the scale of ongoing green‑transition investments.
Hungary’s share follows Romania’s and precedes allocations to countries such as the Czech Republic and Greece.
The EU says the supported projects will modernize energy systems, improve efficiency across industrial and transport sectors, and reduce greenhouse gas emissions while strengthening Europe’s energy independence.
Officials also emphasize that the investments will boost competitiveness by expanding renewable energy production, storage capacity and resilient infrastr ucture.
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