Photo: Balkan Green Energy News
After suffering severe disruptions in the energy crisis, together with administrative hurdles that slowed the sector’s expansion, the pace of investments in the energy transition is picking up in Croatia. Domestic and international companies are launching projects for photovoltaics, wind power and battery storage. Concepts like agrisolar and the decarbonization of industrial production with renewable energy are coming to the fore, promising a boost in competitiveness.
Conversely, biomass power plant operators have sounded the alarm over the power purchase price cap and their feed-in tariffs that they claim are too low to break even.
If you are looking to invest, WE INVITE YOU TO SUBMIT QUESTION you might have about the existing regulatory framework in the country. Our highly knowledgeable CMS Reich-Rohrwig Hainz lawyers will then be able to help you steer your development plans by addressing your concerns.
At the Belgrade Energy Forum in May 2023, energy law experts from CMS presented pressing issues for renewable energy projects in Serbia, North Macedonia, Austria and Slovenia.
The processing of the applications for energy approvals caused uncertainty among investors as most projects have been stuck for too long. At the same time, the subsidies for energy storage and indications of progress in the plans for the first offshore wind farms in Croatia drew significant public interest.
Companies are analyzing the opportunities and risks related to the emergence of markets for corporate power purchase agreements (PPAs) and aggregation. There is a possibility that the green electricity incentives mechanism would be revised, which would also change the picture.
To attract investors’ interest and to help them better understand the country’s regulatory framework and usual market models of project developments, we have invited CMS Reich-Rohrwig Hainz, one of the leading law offices in the region, to comment on the most common questions investors have for the development of energy projects in Croatia.
If you are interested in this opportunity, please suggest some questions by giving your consent below and filling in the form.
Please note that CMS does not undertake to answer all questions submitted. Hence, it is possible that your question will not be answered by CMS.
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