ARTICLE · 16 AUGUST 2023

Hungary Launches New CfD Support Scheme Targeting Electricity Storage Operators

Schoenherr (Schönherr Rechtsanwälte)

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Schoenherr (Schönherr Rechtsanwälte)

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On 14 August 2023 the Hungarian Government issued Gov. Decree 382/2023 ("Decree") establishing the legal framework for the implementation and functioning of the new Contracts...

HungaryEnergy and Natural Resources

Gergely Horváth

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On 14 August 2023 the Hungarian Government issued Gov. Decree 382/2023 ("Decree") establishing the legal framework for the implementation and functioning of the new Contracts for Difference ("CfD") support scheme for electricity storage operators ("Storage CfD Scheme"). Based on the public consultation documents ("Consultation Documents") presented earlier, the Storage CfD Scheme – together with an additional CAPEX support scheme – aims to encourage the development of 885 MWh new electricity storage capacities by the end of 2026.

A key element in Hungary's green transition

Hungary set ambitious green energy targets in the relevant key public policy papers (most notably The National Energy and Climate Plan and Hungary's Recovery and Resilience Plan). Hungary is expected to meet its climate protection goals primarily by boosting PV generation with expectations of achieving an installed solar capacity of 6,500 MW by 2030 and 12,000 MW by 2040. As of the second

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Hungary Launches New CfD Support Scheme Targeting Electricity Storage Operators

A key element in Hungary's green transition

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