Croatia May Increase its Renewable Energy Capacity to 32 per cent by 2030
/17th September 2019, RENEWABLE MARKET WATCHTM/ Croatia's energy development to 2030 and 2050 can continue at an accelerated or at a moderate pace and all options mean decarbonisation, switching to renewable energy sources and decreasing the emission of greenhouse gasses, notes an analysis called "Green Book" and published by the Hrvoje Požar Energy Institute (EHIP).
At the accelerated pace, investments from 2020 to 2050 would amount to 160.4 billion kuna or 5.4 billion kuna a year, whereas at the moderate pace they would amount to 133.7 billion HRK or 4.45 billion HRK a year. During the presentation of the "Green Book", it was heard that most of the investments relate to the electricity system - 120.8 billion HRK based on the accelerated "scenario 1" or 100 billion HRK according to the moderate "scenario 2."
According to Mario Tot from EIHP both scenarios involve decarbonising electricity production by switching to renewable energy sources in Croatia. Preliminary estimates indicate that the total investment in the electricity transmission network, including connections of new conventional power plants, wind farms and solar power plants in the period until 2030 would amount to 8.2 billion HRK in scenario 1, which means an investment of 686 million kuna a year, while the costs for scenario 2 would amount to 7.9 billion HRK or an average investment of 666 million HRK a year.
The accelerated pace of energy transition would decrease greenhouse gasses by 40% by 2030 and by 75% by 2050. The consumption of electricity would be reduced by 2.6% by 2030 and by 28.6% by 2050. The moderate pace of transition foresees a reduction of greenhouse gas emissions of 35% by 2030 and 65% by 2050 compared to 1990. The consumption of power would be reduced by 8.1% by 2050, while buildings would be made energy efficient at a rate of 1.6%.
Assuming the first scenario it is possible in Croatia cumulative installed capacity of wind power plants to increase from 582MW in 2018 to 1,600MW by 2030 and 3,700MW by 2050. Furthermore, under this scenario, it is possible cumulative installed capacity of solar photovoltaic power plants to increase from MW in 2018 to 1,000 MW by 2030 and 3,800 MW by 2050.
The Croatian Government is preparing open calls for renewable energy sources, based on the new incentive system with market premiums and guaranteed purchase prices. The aim is to have the open calls announced by the end of 2019. Currently, the Government and the Ministry of Environment and Energy are working on several by-laws, so that the Croatian energy market operator (HROTE) can carry out the open calls.
The more information and answers to your questions about the solar photovoltaic market in Croatia you may read here: Western Balkans Renewable Energy Market Reports 2019÷2028
About Renewable Market Watch™
Renewable Market Watch™ is delivering strategic insight into emerging renewable energy markets through its experienced research team and cutting edge predictive analytics data platform. We partner with our customers to provide research, data and consulting reports in areas appropriate to their specific requirements. Our primary focus is emerging renewable energy markets of the Asia Countries, Balkan countries, Central and Eastern Europe, CIS states (former Soviet Union), LATAM countries and MENA countries. For more information about Renewable Market Watch™ please visit:
