Renewables

European Investment Bank to finance solar power projects in Croatia

European Investment Bank finance solar power Croatia

Photo: Sungrow EMEA on Unsplash

Published

May 14, 2021

Country

Comments

0

Share

Published:

May 14, 2021

Country:

Comments:

0

Share

The European Investment Bank will expand its activities in Croatia to include solar power plants, country head Anton Kovačev said. It already finances renewable energy project in the country.

Following a memorandum of understanding with Croatia’s Ministry of Economy and Sustainable Development from January, Head of the European Investment Bank’s Office in Zagreb Anton Kovačev revealed a contract would soon be signed for financing solar power plants. He told national broadcaster HRT the EIB wants to help the government, state-owned electricity producer Hrvatska elektroprivreda (HEP Group) and other companies to “think green.”

They should look for renewable energy sources and invest in them, Kovačev asserted. “We need to promote energy efficiency and work on it so that we pollute the environment as little as possible while being the most efficient that we can,” he said and added a seminar would soon be held for everyone who is interested in green investments.

The European Investment Bank will organize a seminar for everyone who is interested in green investments.

The EIB’s official noted the lender, owned by the European Union’s member states, already has projects in the country for energy efficiency and renewables such as waste incinerators and wind power plants.

The bank said on the occasion of the signing of the memorandum that together with the government it would tap on funds from the European Green Deal including the Just Transition Fund. The EIB will work with Croatia on the implementation of the country’s Integrated National Energy and Climate Plan and National Recovery and Resilience Plan, according to the statement.

The cooperation agreement leans on funds from the European Green Deal including the Just Transition Fund

The domestic economy has suffered a severe blow from the COVID-19 pandemic and two devastating earthquakes.

Among other endeavors, the EIB is participating in the construction of a gas-fired combined heat and power (CHP) plant in Zagreb and it provided loans to Rimac automobili and Resalta.

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 remains world most attractive renewable energy markets

Greece remains among world’s most attractive renewable energy markets

29 November 2022 - EY kept Greece and Turkey in its Renewable Energy Country Attractiveness Index of 40 countries. In another ranking, Greece is second in the world!

romania popescu minister power storage battery

Romania to grant EUR 103.5 million for battery storage projects

29 November 2022 - The Government of Romania has launched a public call for EUR 103.5 million in grants for investments in electricity storage capacities

EU heavily dependent on solar panels, wind turbines imports Eurostat

EU green technology imports twice as high as exports – Eurostat

29 November 2022 - Buyers in the European Union spent EUR 15.2 billion last year on solar panels, wind turbines, and liquid biofuels from abroad

Coal regions Western Balkans Ukraine funds just transition

Coal regions in Western Balkans and Ukraine lack dedicated funds for just transition

29 November 2022 - The Initiative for Coal Regions in Transition in the Western Balkans and Ukraine held an annual meeting in Brussels