Major Croatian Investment Hurdle Being Scrapped

Lauren Simmonds

croatian investment

June the 15th, 2024 – A major obstacle for Croatian investment is finally being scrapped. The country has awaited this, and many now hope enormous investments will now be made easier.

As Poslovni Dnevnik writes, investors claim that the fee for connecting power plants to the transmission network has been the main obstacle to investment for more than two and a half years, as reported by Balkan green energy news.

At the Days of Renewable Energy conference organised in Pula by Renewable Energy Sources of Croatia (RES Hrvatska), Ivo Milatić announced that the Croatian Energy Regulatory Agency (HERA) will adopt the fee for connection to the grid by July at the latest. With this, he added, Croatian investment processes behind projects worth a billion euros could be realised. Such a Croatian investment “picture” has awaited a decision by HERA for a painfully long time now.

He added that the amendments to the Spatial Planning Act will determine the exact routes of transmission lines, and by 2030, much more clarity will exist. Milatić expects that by 2030, renewable sources will account for 8 GW of the Croatia’s 10.5 GW electricity production capacity.

According to him, Croatia is working on the revision of the National Energy and Climate Plan (NECP), which the EU has assessed as unambitious in its current form, in order to increase the goals of green energy.

By 2030, Croatia plans to connect 2,000 MW of wind power plants, 319 MW of geothermal power plants and 4,000 MW of photovoltaic power plants, he said, adding that he is convinced that these figures will be even higher.

The targets for biogas and biomass in the original version of the NECP will remain unchanged.

Maja Pokrovac, director of RES Hrvatska, emphasised the importance of transforming the industry. She noted that the green transition not only enables progress in the form of clean energy, but also creates jobs for highly educated young people and encourages regional development, reports tportal.


Subscribe to our newsletter

the fields marked with * are required
Email: *
First name:
Last name:
Gender: Male Female
Please don't insert text in the box below!

Leave a Comment