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Croatia calls tender for market premiums for 607 MW of renewables

Jun 13, 2024, 5:24:24 PMArticle by Annie Tsoneva
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June 13 (SeeNews) - Croatia's energy market operator, HROTE, said it has called a public tender aimed to back the production of electricity from renewable sources through market premiums for 607 MW of new capacities.

Croatia calls tender for market premiums for 607 MW of renewables
The Katuni wind farm in Croaita. Source: wpd Adria

The deadline to submit bids is June 27, HROTE said in a press release on Wednesday.

The public tender relates to new projects only - 150 MW of wind, 450 MW of solar, and 7.25 MW of small hydroelectric power plants. The maximum incentive that could be granted per project is 30 million euro ($32.4 million).

The tender follows a public call in April for collection of bids that sets the conditions for participation in the tender for market premiums.

Market premium is an incentive system in which HROTE pays to producers the difference between the contracted price and the market price of electricity.

($ = 0.927 euro)

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