Think GeoEnergy
Summary
Starting mid-July 2025, the Hungarian Government through the Jedlik Ányos Energy Program opened the social consultation for a planned series of tenders for projects to boost the utilization of geothermal energy. The draft of the first tender is now available and comments will be accepted until 15 August 2025.
A total of HUF 41 billion (approx. USD 120 million) will be made available for geothermal-based developments through the tenders. HUF 10 billion has been allocated for the first tender round, which seeks to subsidize the first well drilling of a project. From the budget, projects implemented in 10-20 rural locations can receive at least HUF 40 million (approx. USD 117,000) but no more than HUF 1 billion in support (approx. USD 2.9 million).
Continue Reading
#News#GeothermalandGeo-Exchange#DistrictHeating