Description/achievement of initiative
The renewable energy sector is a priority sector of ITD Hungary. Understanding the sustainable nature, the high growth potential, and the dominance of green industries in the 21th century, ITD Hungary strives to attract investments in renewable-based heat and power generation and in related manufacturing activities.
Source: ITD Hungary
The Renewable Energy Strategy (RES) for 2007-2020 targets the increase of RES production to 15% by 2020. The strategy will favour decentralized energy production, the cogeneration of heat and power and the establishment of small power stations utilizing renewable sources locally. The strategy forecasts a substantial amount of new investments by 2020, in the field of biomass, wind, solar and geothermal energy. Electricity generation from RES will grow faster than heat generation.
Arrangements for Capacity-Building and Technology Transfer
Coordination mechanisms/governance structure