Power utility HEP invites applications for assistance from ZelEn fund

Photo: zelen.hep.hr


May 30, 2019






May 30, 2019





Croatian state power company Hrvatska Elektroprivreda (HEP) has invited social care institutions to apply for a total of HRK 1 million (EUR 135,000) in assistance from the ZelEn fund, which is financed through the sale of electricity produced exclusively from renewable energy sources, according to an announcement on HEP’s website.

ZelEn is electricity produced from renewable energy sources registered in the certificate of origin system. It is intended for businesses that have opted to operate in a socially responsible way, caring for the environment, and using electricity from renewable sources. Through the ZelEn product, HEP and its partners promote sustainable energy sources and an environmentally-friendly approach to the production of electricity.

Receipts from the sale of ZelEn are paid into a fund for financing renewable energy and energy efficiency projects at institutions providing support to vulnerable groups. Applicants must submit project documentation, along with a full cost statement and an investment estimate.

In last year’s round, HEP offered a total of HRK 1.5 million (around EUR 200,000) from the ZelEn fund, according to earlier reports.

Previous three rounds helped avoid 68 tons of CO2 emissions CO2 annually

In the previous three rounds, the ZelEn fund financed nine projects, worth a total of HRK 2.4 million (EUR 323,000), resulting in energy savings of around 240,000 kWh and helping avoid emissions of 68 tons of CO2 a year, according to HEP’s website.

In 2018, there were more than 130 buyers of ZelEn electricity, making it possible to issue the latest public call, HEP noted.

The price of ZelEn electricity is 20 euro cents, or about HRK 1.5 per MWh. This means that a firm which consumes 1 million kWh a year will pay for ZelEn electricity just HRK 1,497 more on an annual level, or about HRK 125 (EUR 16.8) more per month, compared with regular electricity, according to the website of ZelEn.

For now, ZelEn electricity is available to businesses only but HEP plans to make the product available to households as soon as possible, according to the ZelEn website.

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

Turkish entity Cyprus energy water deal government Nicosia

Turkish entity in Cyprus offers energy, water deal to government in Nicosia

05 July 2022 - Cypriot Turkish leader Ersin Tatar offered the Republic of Cyprus a deal on hydrocarbons, electricity, renewables and water, but under a two-state solution

What’s new in Federation of BiH ’s draft law on renewables auctions

What’s new in Federation of BiH’s draft law on renewables?

04 July 2022 - It introduces auctions for the allocation of feed-in tariffs and feed-in premiums for renewable power plants

Romania risk lose EU energy transition funds tight deadlines

Romania at risk of losing EU energy transition funds on tight deadlines

04 July 2022 - The Ministry of Energy of Romania warned the deadline for the renewables tender within the National Recovery and Resilience Plan is too short


Fossil fuels returned as top energy source in EU power generation in 2021

01 July 2022 - Among renewable sources, the biggest increase in 2021 was seen in electricity produced from solar energy, 13%,