Electricity Generated From Wind and Sun Nets Croatia €116 Million, says Večernji List

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Image: Pexels
Image: Pexels

HROTE,  whose main task is to encourage and provide subsidies for the production of electricity from renewable sources and cogeneration, managed to cover its loss of HRK 370 million from 2020 and to earn an additional 500 million kuna, the daily newspaper reported today.

The loss in 2020 was due to a drop in electricity prices during the COVID pandemic. However, electricity prices have since skyrocketed, which has boosting earnings of the operator. As a result, it wrapped up the first quarter of 2022 in the black, with HRK 500 million on its accounts.

In 2021, HROTE paid HRK 3.3 billion in incentives.

The operator’s director Boris Abramović was quoted by the daily as saying that the cost of the electricity from €30 per MWHs at the beginning of this year jumped to over €60 per MWh.

In 2021, a total of 3.5 TWH of electricity was generated from renewable energy sources as part of the production subsidised by the HROTE sheme.

This amounted to 35% of the total electricity generation in Croatia in 2021.

Broken down by the type of renewables, more than a half was generated from wind farms (52%), 17% of electricity generated from HROTE-supported RES generation came from biomass power plants, 16% from cogeneration plants and 10% from biogas plants.

Last year, solar power plants had a 2% share in the total electricity production covered by HROTE support scheme, according to the VL article.

(€1 = HRK 7.5)

For more on Croatian companies, check out our business section.


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