What is the solar power market outlook in Croatia?

In the report, Western Balkans Solar Photovoltaic (PV) Power Market Outlook: 2021 ÷ 2030 is included information about the recent solar projects in Croatia that are and would play a key role in expanding the solar power market in the country in the next few years.

How much does solar cost in Croatia?

The maximum reference values of market premiums for solar were €0.82/kWh and €0.75/kWh for wind. The first auction for large-scale projects in Croatia took place in 2022 to procure 638 MW of new capacity. However, it only attracted tepid interest, with premiums awarded to just 107 MW of projects.

How much solar power does Croatia have?

By the end of 2014, the country had approximately 33MW solar capacity. However, solar photovoltaic market growth in Croatia between 2015 and 2019 was moderate, with only 20.4MW newly installed capacity in this period from eligible producers. Chart 2:Croatia Solar Photovoltaic (PV) Electricity Generation 2011 – 2019 in TWh; Renewable Market Watch™

How can Croatia benefit from solar energy?

However, to harness this potential effectively, Croatia will need to adopt more ambitious solar energy targets, ensure clear renewable energy investment direction in the power sector, and develop its modern electricity grid. The clean energy transition and development of the solar power sector can contribute to GDP growth and new jobs creation.

How many MW of solar projects did Croatia tender?

The Croatian authorities initially reviewed 144 projects totaling 713 MW for the auction. The tender was carried out in two phases. One awarded market premiums for projects with installed capacities of more than 1 MW each, including 350 MW of solar, 60 MW of wind, and 7.25 MW of hydropower.

Will Croatian solar photovoltaic market grow by 2030?

Croatian solar photovoltaic market size is still insignificant. However, it has already attracted the interest of reputable domestic and international market players in recent years, and our forecast for its development by 2030 is optimistic.