Croatia to hold tender for market premiums for 607 MW in renewable capacity

The public tender will be exclusively for new projects - 150 MW of wind, 450 MW of solar, and 7.25 MW of small hydroelectric power plants, HROTE said in a statement on Friday. It concerns electricity generation capacities of more than 200 kW.

HROTE launched on Friday a public call for collection of bids with the conditions for participation in the public tender for the market premiums. It will collect bids under this call in the next sixty days.

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

The maximum incentive that could be granted per project is 30 million euro ($32 million).

According to a statement by the finance ministry published on the website of HROTE, the overall amount of state incentives for 2024 under HROTE’s annual programme to encourage production of electricity from renewables by market premiums and guaranteed purchase price of electricity is 257.2 million euro for facilities with installed capacities of more than 200 kW.

($ = 0.940 euro)