Ember: Hungary’s Energy Crossroads: ‘Investors Must Navigate a Risky Terrain’

In our podcast, Zoltán Levente Ember, CEO of Hungarian research Compass Institute delves into the pressing challenges facing Hungary’s energy sector. From the rapid expansion of solar power capacity to the political and financial risks foreign investors must navigate, the discussion uncovers the complexities of the country's energy landscape. Listeners will learn about Hungary’s efforts to become a leader in electromobility and battery manufacturing, while struggling with outdated grid infrastructure and rising energy demands. The conversation touches on the role of government incentives, such as the “utility reduction” policy, and the unpredictable nature of policy changes driven by Hungary's ongoing state of emergency. With the European Union's funds out of reach, the country’s future energy development hangs in the balance. Topics like the impact of the Robin Hood tax and MAVIR’s moratorium on solar connections add depth to the narrative. Zoltán highlights the difficulty for foreign investors to thrive under these conditions and points out the significant gap in wind power investment. Additionally, environmental and taxation concerns surrounding solar panels, along with legal challenges, create further uncertainty. As the podcast unfolds, the listener gains insight into both the opportunities and obstacles in Hungary’s renewable energy journey. The episode closes with a reflection on the urgent need for clearer energy policies and improved collaboration between stakeholders.