Renewables

First auctions for premiums in Croatia to be held by year-end

auctions-premiums-Croatia-tomislav-coric

Photo: Tomislav Ćorić (Ministry of Environmental Protection and Energy)

Published

July 15, 2020

Country

Comments

comments icon

0

Share

Published:

July 15, 2020

Country:

Comments:

comments icon

0

Share

Croatia plans to hold auctions for premiums for the production of renewable energy from biomass and biogas by the end of the year while tenders for wind and solar power plants are planned for next year, according to Minister of Environmental Protection and Energy Tomislav Ćorić.

He said Croatia would push the production of energy from renewable sources for the next ten, 20, 30 years. The goal is to increase output from solar, geothermal resources, biogas, wind and a bit from hydropower, in his words.

Auctions for biomass and biogas plants with low installed capacity are planned by the end of the year

A recently introduced premium model is juster because producers compete with each other while the state will secure the implementation of their projects, the minister added.

By the end of the year, there will be auctions for the premiums for small scale biomass and biogas facilities, he revealed.

Auctions for solar power plants and wind farms are planned for next year

Next year, the Croatian government will open auctions for utility-scale solar power plants and wind farms, which is an opportunity for big energy companies such as HEP to invest, said Ćorić.

According to the earlier projections, the implementation of premiums could trigger investments worth EUR 1.6 billion.

EU funds for the energy transition

However, he said Croatia would not ignore transition fuels, such as natural gas, noting it would build an LNG terminal on Krk island.

Ćorić expects oil and gas company INA to follow the example. The company is already heading into the same direction with its bioethanol project in the Sisak oil refinery which is in line with the European Green Deal.

Croatia will not spend a lot of money on the transition to renewable energy sources due to funds from the EU financial perspective 2021-2027, the minister added.

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

GGF loan Lovcen banka Montenegro green portfolio

GGF provides loan to Lovćen banka in Montenegro for its green portfolio

12 February 2025 - The Green for Growth Fund (GGF) has established a partnership with Lovćen banka in Montenegro by signing a loan agreement of EUR 3 million

croatia koncar helb purchase contract

Croatian Končar taking over local engineering firm HELB

11 February 2025 - Končar agreed to acquire fellow Croatian engineering firm HELB, with 35 years of experience in the power infrastructure sector

Turkish companies solar power market Romania

Turkish companies expand presence in solar power market in Romania

11 February 2025 - Turkish oil refiner Tüpraş and joint venture Defic Globe, controlled by YEO, have published updates on their operations in Romania

Cyprus launches grant mechanism for energy storage

Cyprus launches grant mechanism for energy storage

11 February 2025 - Owners of renewable energy systems in Cyprus can apply from February 14 for grants to add batteries, under a EUR 35 million program