Hungary: ''advanced'' subsidy scheme to drive
Hungary has 40MWh of grid-scale BESS online today but that will jump 3,400% to around 1,300MWh over the next few years thanks to
A recent legislative act in Hungary laid down the principles for the eagerly awaited battery energy storage systems (BESS) support scheme. The incentives follow well-known patterns similar to those already available for solar projects.
The Hungary panel discussion at the event. Image: Solar Media. Hungary's subsidy scheme for energy storage will drive huge growth in battery energy storage system (BESS) deployments over the next few years.
Moderator Nikita Chandrashekar, director at advisory Augusta & Co, said the scheme made Hungary an attractive market: “It is probably one of the most advanced subsidies schemes to bring energy storage forward. So from a revenue perspective, perhaps, unlike some other markets, the business case in Hungary seems pretty well developed.”
Due to recent changes to Mavir's operational code, the transition of granted grid connections from photovoltaic power production to BESS projects will be allowed. This new support scheme is expected to provide a necessary boost to electricity storage in Hungary.
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