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Hungary to Offer HUF 12 Billion for Geothermal Electricity Investments

GEOTHERMAL

The Hungarian Energy Ministry has launched a tender offering HUF 12 billion to support investments in geothermal electricity generation, with funding available between HUF 400 million and HUF 1 billion per project. The initiative aims to cover up to 10% of costs for successful drilling and up to 50% for unsuccessful attempts, as part of a national plan to double Hungary's geothermal output by 2030. Additionally, a separate HUF 19 billion tender for interest-free credit for geothermal projects will be announced in early March.

Hungary to Offer HUF 12 Billion for Geothermal Electricity Investments
Jan 24, 2026, 6:20 AM

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