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ELECTRICITY: Hungary Plans €5bn Grid Investment, Additional Hydro Units

ELECTRICITY

Hungary’s MVM will invest €5bn in power grid development over the next 10 years, with the firm eyeing to build hydropower plants between 5-50MW, it said, cited by Bloomberg.
• The investment is aimed at preparing the grid for a higher share of renewable energy, including solar and wind power.
• The company is currently scouting locations for these hydro plants within Hungary.

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Hungary’s MVM will invest €5bn in power grid development over the next 10 years, with the firm eyeing to build hydropower plants between 5-50MW, it said, cited by Bloomberg.
• The investment is aimed at preparing the grid for a higher share of renewable energy, including solar and wind power.
• The company is currently scouting locations for these hydro plants within Hungary.