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The EU and US Must Act Together in Europe’s Neighbourhood
19 January 2021
Budapest’s energy policy in the power sector has made a sharp transition in recent years, curiously holding ample business opportunities for two great powers from the East, namely Russia and China.
- Renewables – particularly solar – are gaining ground as nuclear generation remains dominant in Hungary’s energy mix by 2030 and onwards.
- Why has Russia got a grasp on nuclear power plant construction?
- How did China and Turkey find their way into the booming Hungarian solar business?
Hungary has been under pressure for a long time to decide on a clear plan for its electricity generation mix as the country has a fleet of ageing coal-fired, gas-fired capacity and a nuclear power plant, accounting for more than half of the country’s electricity production.
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