The European Commission has found a new Hungarian support scheme for renewable electricity to be in line with EU state aid rules, it said on Tuesday.
Hungary notified the commission of its plans to support electricity from renewable energy sources in April 2017.
The scheme, with a yearly budget of up to HUF 45 billion ($167.6 million), will support power production from renewable sources through either a feed-in tariff or a price premium.
It will be financed through a support levy currently in place in Hungary and will...
Log in or register for a free trial to continue reading this article
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up