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

eps e3 international energy crops EPS to burn biomass in coal power plants

EPS piloting mixing biomass with coal in its thermal power plants

17 September 2021 - State-controlled power utility Elektroprivreda Srbije (EPS) has launched a pilot project with US company E3 International

Romania Oltenia switch coal solar power proceeds CO2 permits

Romania’s Oltenia to switch from coal to solar power using proceeds from CO2 permits

16 September 2021 - Romania hopes to get most of the EUR 671 million for solar power plants in coal complex CE Oltenia from the EU's Modernization Fund

undersea power cables connect Europe Africa

Several undersea power cables about to connect Europe with Africa

16 September 2021 - Greece and Egypt are in talks about the possibility to lay a 2 GW submarine interconnector on the bottom of the Mediterranean Sea

Wpd, EFT get government nod for 415 MW wind farm, 80 MW solar facility in North Macedonia viktor andonov

North Macedonia awards strategic investment status to wpd’s, EFT’s renewables projects

15 September 2021 - The Government has awarded a status of strategic investment projects to wpd’s wind farm Virovi and to EFT’s solar PV plant Erdželija.