The Government of Croatia is preparing EUR 500 million for the installation of batteries for storing renewable energy
Minister of Economy and Sustainable Development Damir Habijan said Croatia is ready for changes in the energy sector. It is important to conduct the energy sector’s green transition, but also tackle the security of supply, he stressed.
Thanks to the National Recovery and Resilience Plan (NRRP or NPOO) and the European Commission’s REPowerEU plan, Croatia has received EUR 1.6 billion, Habijan said at the seventh international energy conference organized by the country’s oil transport company Jadranski Naftovod (JANAF), state-owned news agency Hina reported.
A contract was signed last week to upgrade the country’s liquefied natural gas terminal
Some of the said funds were deployed for a EUR 533 million contract, signed two weeks ago, on increasing the capacity of the liquefied natural gas (LNG) terminal on the island of Krk from 2.9 to 6.1 billion cubic meters per year, and to build the Zlobin-Bosiljevo-Kozarac-Sisak gas pipeline and another one toward Hungary and Slovenia, he noted.
These projects serve to diversify and increase the security of supply, he underscored.
The rest of the funds, in his words, will be used for the green transition, and around EUR 500 million will be earmarked for large batteries.
JANAF plans to invest in renewable energy sources
The energy storage facilities will be used by all producers of electricity from renewable sources and they won’t need to deliver output immediately to the transmission grid, Habijan explained.
Chairman of the Management Board of JANAF Stjepan Adanić said it intends to diversify its operations.
It strives to become an energy producer by investing in solar, geothermal and wind energy, he stressed. Adanić expressed hope that JANAF would grow into a respectable energy company.
Be the first one to comment on this article.
01 December 2024 - Monsson Group sold a 50 MW photovoltaic project in northwest Romania to shopping mall operator NEPI Rockcastl
29 November 2024 - Power grid bottlenecks could jeopardize connecting new power plants to the system but also the operation of the ones already online
29 November 2024 - The National Assembly in Belgrade passed the Energy Sector Development Strategy of Serbia up to 2040 with Projections up to 2050
28 November 2024 - The European Union wants to maintain the rapid pace of decarbonization while enabling affordable energy prices
Project is being implemented by a civil society organization Center for Promotion of Sustainable Development
Email: office[a]balkangreenenergynews
website developed by ogitive
Croatia is preparing to build Eastern Europe''s largest energy storage project. IE Energy has secured €19.8 million ($20.9 million) to develop a 50 MW storage system, potentially extendable to 110 MW by 2024.
Image: Marijana, Pixabay
IE Energy, a Croatia-based energy storage operator, is set to build a 50 MW storage project, after securing €19.8 million from the Croatian government via state aid from the European Commission. The package will help the company to partly finance the procurement and installation of grid-scale batteries, in order to provide transmission system operators with grid-balancing services.
The firm intends to build the battery system near Šibenik in Dalmatia.
About Croatia energy storage
As the photovoltaic (PV) industry continues to evolve, advancements in Croatia energy storage have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity.
When you're looking for the latest and most efficient Croatia energy storage for your PV project, our website offers a comprehensive selection of cutting-edge products designed to meet your specific requirements. Whether you're a renewable energy developer, utility company, or commercial enterprise looking to reduce your carbon footprint, we have the solutions to help you harness the full potential of solar energy.
By interacting with our online customer service, you'll gain a deep understanding of the various Croatia energy storage featured in our extensive catalog, such as high-efficiency storage batteries and intelligent energy management systems, and how they work together to provide a stable and reliable power supply for your PV projects.
Related Contents
