15.11.2023.
The Environmental Protection and Energy Efficiency Fund will co-finance up to 50 percent of investment costs to all those who have installed a photovoltaic power plant in their households this year or intend to do so by the end of 2023.“In terms of incentives for the use renewable energy sources, this has been a record year so far. In addition to this public call for photovoltaic power plants, we are waiting for an increase in investments worth 120 million euros for the energy renovation of family houses, as part of which Res will also be encouraged,” said the Fund’s director Luka Balen. The Fund will soon announce the conditions for the upcoming public call, but as far as the percentage of co-financing for the installation of PV power plants is concerned, it will be the same as in the just published one.
In the first stage, EUR 12,425,000 will be available, and additional funds will be provided, as appropriate, as the financing has been is secured from the temporary fee defined by the Act on the Implementation of Council Regulation 2022/1854 on emergency intervention to address high energy prices.
“Together with the activating of geothermal potentials and the use of resources from the Modernisation Fund, this is yet another step to Croatia’s producing more energy for our own needs, and that we produce it from renewable sources. The Environmental Protection and Energy Efficiency Fund has several areas of activity, and one of the key areas is to promote and encourage the use of renewable energy sources, aiming at decarbonisation, which in the end benefits both citizens and the Croatian society in general", remarked Davor Filipović, the minister of economy and sustainable development, upon the launch of the public call.
The intention of this Act to invest the fee charged on windfall profits in PV power plants in households, so that citizens can produce electricity for their own needs to the greatest extent possible and thus achieve energy independence.
Along with lower overhead costs, the use of solar energy will contribute to reducing emissions of harmful gases into the environment. The benefits of these projects will also be felt by 3250 households that received almost EUR 20 million in incentives for their green investments at the Fund's previous public call.
Croatia, with an average of two thousand sunny hours in continental and up to 2,700 hours in the coastal area, has significant potential for further investment in solar PV technologies.
Not only citizens but the industry benefited as well, as this sector also received generous national and EU co-financing for RES projects over the course of the year.
"In addition to the use of solar potential, the Fund and the line Ministry of Economy, in cooperation with the Hydrocarbon Agency, are also working on geothermal energy projects, which would be used in district heating systems in cities," Balen said.
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