How much is the subsidy for the Croatian energy storage project

4 FAQs about How much is the subsidy for the Croatian energy storage project

What is the new energy policy in Croatia?

The measure, which has a total budget of approximately €783 million (HRK 6 billion), will be open until 2023. The aid will be paid out to the selected beneficiaries for a period of 12 years. The scheme will help Croatia increase its share of electricity produced from renewable energy sources and reduce CO2 and other greenhouse gas emissions.

Will Croatia support electricity production from renewable sources?

The European Commission has approved, under EU State aid rules, a Croatian aid scheme to support electricity production from renewable sources.

Why does Croatia need EU state aid?

The Commission assessed the scheme under EU State aid rules, in particular the 2014 Guidelines on State aid for environmental protection and energy. The Commission found that the aid is necessary to further develop energy generation from renewable sources and help Croatia meet the European and national environmental targets.

Can Croatia achieve climate neutrality by 2050?

The measure will help Croatia reach its renewable energy targets, including those set in its Recovery and Resilience plan, and contribute to the European objective of achieving climate neutrality by 2050, without unduly distorting competition in the Single market.

Croatia allocating €500 million in subsidies for battery storage

Croatia will provide some €500 million (US$534 million) in subsidies for battery energy storage system (BESS) technology, a government minister has said.

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How much is the subsidy for Croatian energy storage project

Croatia will provide some EUR500 million (US$534 million) in subsidies for battery energy storage system (BESS) technology, a government minister has said. Minister of Economy and Sustainable

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