Hungary's total installed wind capacity is set to rise from 10-15 MW today to at least 370 MW by 2008, with two companies announcing firm plans for a combined total of 358 MW. German renewables developer and operator Voltwerk is investing HUF 50 billion (EUR 200 million) to develop 250 MW of wind plant in Rèm in the south the country. A total of 25, 10 MW projects are all scheduled for completion by 2008. A second company, Ireland's Eurogreen Energy, is to build a 108 MW wind farm, comprising 36, 3 MW turbines, near Bakony. Due for completion by the end of 2007, the development will cost HUF 30 billion (EUR 120 million). "The power from these turbines will go into the Hungarian national grid and provide enough electricity for around 70,000-80,000 homes," says Eurogreen's Jim Galvin. The company has already earmarked two further sites in western Hungary for 150 MW in wind development (Windpower Monthly, March 2006). Although Hungary has just 10-15 wind turbines installed so far, environmental licences have been granted for installation of about 600 machines. In 2003, 3.5% of Hungary's energy requirements were met by renewables -- the country's goal is to increase that to 4.5% by 2010.