Croatia will switch to premiums to co-finance renewable energy projects, said Minister of Environmental Protection and Energy Tomislav Ćorić.

The feed-in tariff model “has reached its end” in Croatia and the state will no longer use it to subsidize electricity production from renewable energy sources, but will rather switch to premiums, Ćorić said in an interview with 24 Sata.

Quotas to be subsidized using the premium model, “which is much less burdening,” will be set under the country’s energy strategy, whose drafting is under way, he said.

The premium model is already envisaged under Croatia’s legislation.

In the same interview, Ćorić said that the new draft law on renewable energy sources will be sent to the government in September and that the government will propose it in the form of a bill to the parliament later that month.

The future law will enable individuals to get co-financing from the ministry to install rooftop solar photovoltaic (PV) systems, he said, noting that a fund to co-finance the rooftop PV systems will be launched in January, with plans to spend over HRK 50 million (about EUR 6.75 million) in 2019.