Renewables

Croatia announces winners from its first utility-scale renewables auctions

Winners announced at Croatia's first utility-scale renewables auctions

Photo: InspiredImages from Pixabay

Published

July 22, 2022

Country

Comments

comments icon

0

Share

Published:

July 22, 2022

Country:

Comments:

comments icon

0

Share

Croatia has awarded premiums for 107.5 megawatts (MW) following the first auction for renewable energy endeavors with a large planned capacity. Wind farm projects Boraja 2 and Opor are the biggest among the winners, with 45 MW and 33 MW, respectively, followed by geothermal power plant AAT Geothermae with 10 MW.

The Croatian Electricity Market Operator (HROTE) accepted 16 bids and rejected three. At the auction, premiums were offered for 638 MW. There was a poor response, with an overall 150.1 MW in received bids, of which 107.5 MW passed.

A quota of 300 MW was offered for solar power plants. Out of five bids, four were accepted, with a total capacity of 8 MW. The premium is HRK 495.63 (EUR 65.98) per MWh. Solektra won the right to premiums for three photovoltaic units with a total capacity of 3 MW. Java had a successful bid for a 5 MW facility.

Premiums were awarded to only two wind farm projects, both run by Acciona. Boraja 2 is planned with a capacity of 45 MW, and the Opor Wind Farm should have 33 MW installed. The total quota was also 300 MW.

They were awarded premiums of HRK 453.60 (EUR 60.38) per MWh and HRK 453.59 per MWh, respectively, compared to the ceiling of HRK 460.91 (EUR 61.36) per MWh, HROTE said.

The winners in the wind farms, SHPP, and biogas segments have bid for lower premiums than HROTE’s starting level

Although AAT Geothermae submitted a bid for a 10 MW geothermal power plant, it isn’t part of the 10 MW geothermal quota, but the 10 MW quota for innovative power plants. Its project, which is now eligible for a premium of HRK 1,263.96 (EUR 168.26) per MWh, was previously declared a strategic investment project.

Premiums for small hydropower plants (SHPP) of HRK 1,095.58 (EUR 145.84) per MWh and HRK 1,095.50 (EUR 145.83) per MWh were awarded to companies Odeta and Male Hidre, respectively. The former is developing its Odeta 1 project, with a capacity of 1.25 MW, in the vicinity of Karlovac, and the latter runs and endeavor called Otočac, with a capacity of 1.5 MW, located near an eponymous town. The quota for SHPPs was 4 MW, and it is the only oversubscribed sector in the auction, with 5.4 MW in bids.

All seven bids for biogas were successful. The average awarded premium is HRK 1,476.66 (EUR 196.57) per MWh. The regulator started the auction at HRK 1,482.23 (EUR 197.31) per MWh. Biogas power plants will be built by firms Dominik B, Novčić više (two facilities), Širjan, Stočar, Mesna industrija Natura and Veterinarska ambulanta Martes.

The quota was 16.7 MW, and premiums were awarded for an overall 8.7 MW.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Greece announces plan for 4.7 GW of commercial battery storage projects

Greece plans 4.7 GW of commercial battery storage projects

14 March 2025 - The much-awaited ministerial decree for zero-subsidy standalone battery systems has been published in Greece.

serbia tokenization avr solar park saraorci solar

Serbia’s first-ever tokenization in energy sector: Saraorci solar project yields 6% interest

13 March 2025 - The first tokenization in Serbia's energy sector has been completed, with AVR Solar Park selling tokens worth EUR 600,300

grid expansion eu power prices flexibility

Huge investment in EU grid expansion, flexibility could slash power prices 30% by 2040

13 March 2025 - Due to delays in grid expansion, over 800 GW of wind and solar capacity are still awaiting connection, Allianz Research warns

croatia sweden Koncar substation Vattenfall contract

Croatia’s Končar signs its largest contract for substation construction

12 March 2025 - Croatian engineering firm Končar has signed its largest-ever contract to build a transformer substation, worth EUR 18.4 million