Croatia's HEP developing 1.08 bln kuna (144 mln euro) PV plants for local govts
Frane Barbaric, CEO, HEP
Croatia's state-owned energy supplier Hrvatska Elektroprivreda (HEP) said on Monday that it is developing solar power plants with a total capacity of 168 MW at 18 locations across the country under deals with local governments - an investment worth 1.08 billion kuna ($166 million/144 million euro).
“The expected annual output of the 18 solar plants amounts to 242 million KWh, which could meet the consumption of some 65,000 households,” HEP said in a statement after signing deals for seven solar power plants on Monday.
It signed the new deals with the municipalities of Vrpolje, Lovinac, Orle, Zdenci, Satnica Djakovacka and Trpinja and with the town of Valpovo.
The overall investment in the seven solar plants amounts to 380 million kuna and their total capacity is projected to be 60 MW. HEP signed the first 11 deals under this model in 2019 and 2020.
“With this form of cooperation we will cover more of half of the country as these 18 projects will be carried out in 12 different counties. In our development strategy we target to have some 350 MW of solar plants by 2030. Almost half of that, 168 MW, we will built based on agreements with municipalities and towns,” the CEO of HEP Frane Barbaric said in the statement.
The company aims to boost by 50% the share of renewables in its own electricity production by 2030.
Since 2019, HEP has started production or is about to finish the construction of seven solar plants with a total capacity of 23 MW worth some 200 million kuna combined.