Renewables

Turkey’s Soyak eyes investment in geothermal energy in Croatia

Turkey-Soyak-investment-in-geothermal-energy-in-Croatia

Photo: Meeting of the representatives of the municipalities and Turkish company

Published

August 31, 2020

Country

Comments

comments icon

0

Share

Published:

August 31, 2020

Country:

Comments:

comments icon

0

Share

The Turkey-based Soyak is interested in investing in geothermal energy in the Croatian municipalities of Legrad and Đelekovec.

The company’s representatives have visited Legrad and they spoke with decision makers from the two municipalities about possible projects, the Municipality of Legrad said on its website.

The Turkish company applied for a concession on the recently published public call

The Croatian Hydrocarbon Agency issued a public call for a concession for the exploitation of geothermal energy in June, and Soyak is one of the companies that applied. The agency is asking for bids for four exploration areas.

Soyak intends to use geothermal energy in the Legrad-1 exploration field, the municipality said.

Both municipalities – Legrad and Đelekovec, backed the Turkish company with written and oral consent for the project.

Soyak operates hydropower plants with a total installed capacity of 150 MW and another 60 MW in geothermal power plants

Members of Soyak’s management board Taşkın Kızılok and Can Soyak and Danica Maljković from the Hrvoje Požar Energy Institute, the company’s technical advisor in Croatia, met with mayors Ivan Sabolić and Štefica Sirutka, respectively.

Soyak is involved in energy investment, residential construction, freight transport and cement production. In Turkey, it has hydropower plants with an installed capacity of an overall 150 MW and geothermal power plants with a capacity of 60 MW. Last year it established a subsidiary in Croatia to invest in energy projects.

The first geothermal power plant in Croatia was opened last year in Ciglena near Bjelovar. Geo Power Zagocha plans to build another one in the municipality of Čađavica. In the meantime, the Municipality of Babina Greda started research and exploration of geothermal potential.

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 lowers 2030 renewable penetration goal in its final NECP

Greece lowers 2030 renewable penetration goal in its final NECP

19 July 2024 - Greece's final National Energy and Climate Plan (NECP) is expected to be submitted to the European Commission in the following days or weeks

Renewable energy spatial plan delayed again in Greece

Renewable energy spatial plan delayed again in Greece

19 July 2024 - It has now been ten years since the European Commission first asked Greece to modernize its renewable energy spatial plan

hydrogen germany subsidies

Germany providing EUR 4.6 billion in grants for hydrogen projects

18 July 2024 - Germany is disbursing EUR 4.6 billion in subsidies for 23 projects for hydrogen production, transportation and storage

Romania-ambitious energy storage plans 5 GW by end 2026

Romania’s ambitious energy storage plans: 5 GW by end-2026

18 July 2024 - These ambitious energy storage targets are aligned with transmission system operator Transelectrica’s recommendations and analyses