Enigin Update - Hungarian Energy Efficiency Incentives
ENERGY efficiency projects in Hungary have received nearly HUF 80 billion ($343.6 million) in grants.
Hungarian SMEs received the vast majority of the incentive money, which was used for energy efficiency building upgrades, and the “Norwegian Financing Mechanism” is to ensure another HUF 5.6 billion ($24 million) for similar project up to 2016.
The National Development Ministry revealed that over HUF 54 billion ($232 million) in EU and Hungarian grants have been awarded for energy efficiency developments under the New Széchenyi Plan. The plan started in January with the aim of improving the country’s competitiveness and to create a million new jobs over the next ten years.
According to the ministry, this amount of investment in energy efficiency and resultant increased competitiveness is estimated to generate orders for Hungarian industry and commerce worth HUF 93 billion ($399.4 million).
Last month state secretary in charge of climate issues and energy affairs, János Bencsik, explained that within the green investment system of the New Széchenyi Plan there is an allocation of another HUF 23 billion ($98.8 million), expected to generating HUF 45 billion ($194 million) for the construction industry.
Of the HUF 54 billion ($232 million) budget, the largest sum (HUF 29 billion - $125 million) went towards energy efficiency building upgrades, and HUF 21 billion ($90.7 million) was for increasing the share of renewable energy resources.
It is estimated that implementing energy efficiency programmes could reduce Hungary’s CO2 emissions by 15 million tons.
Enigin Distribuors within Hungary will continue to help many businesses and organisations to improve the energy efficiency of their buildings and facilities, protecting the bottom line through reduced energy consumption and bills - plus managing where and when energy is being uses, such as using Enigin plc's Eniscope system, improves production and services, with more "bang for the buck".
Picture of Hungary Budapest by SF Brit (The Buda Castle in Budapest and the Széchenyi Chain Bridge.) reproduced under CCL.
