New Scheme to Accelerate Green Transition

With the adoption of the Temporary Crisis and Transition Framework (TCTF), the aim of the European Commission is to ensure that the objectives of the European Green Deal will be achieved, the Hungarian Investment Promotion Agency reports.

In response to this challenge, a new subsidy scheme is introduced in Hungary under Government Decree No. 210/2014 (VIII.27.) for the following accelerated investments in strategic sectors to foster the transition:

- The production of relevant equipment for the transition towards a net-zero economy, namely batteries, solar panels, wind turbines, heat-pumps, electrolysers equipment for carbon capture usage and storage; or

- The production of key components defined in Annex 1 of Incentive Guide that are designed and primarily used as direct input for the production of the equipment listed above, or

- The production or recovery of related critical raw materials necessary for the production of the equipment and key components listed above.

Based on the current conditions, the incentive scheme is available throughout Hungary and applicable until the end of 2025 for those enterprises that, without state aid, could have demonstrably realized their investment outside the European Economic Area.