Hungary Launches New Geothermal Investment De‑Risking Scheme

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Hungary has officially launched a new geothermal investment de‑risking scheme aimed at accelerating development of geothermal heating projects across the country. The government issued a call for proposals under the Reducing Geothermal Drilling Risks (KEHOP‑Plusz‑4.2.4‑25) programme, opening a major funding window to support drilling and early‑stage project preparation.

Funding will be awarded through two competitive rounds:

  • Phase 1: March 2-April 30, 2026
  • Phase 2: September 14-October 30, 2026
    These windows are expected to attract both SMEs and large enterprises holding geothermal concession rights or exploration permits, provided they also have final construction permits for drilling locations.

The new scheme forms a core part of Hungary’s National Geothermal Strategy, which targets a 20% increase in geothermal energy use by 2026 and aims to double national geothermal output by 2030. Ongoing large‑scale geothermal projects in cities such as Szeged and Kiskunhalas demonstrate the country’s momentum in expanding clean, weather‑independent heat production.

Know more in the next link: Call for proposals – Geothermal risk mitigation scheme in Hungary