Average PV energy storage price per 10MW in Croatia

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.

Why is solar power important in Croatia?

In the last decade, solar power capacity has grown tremendously to become the fastest-growing source of renewable energy in the world. Solar power directly contributes to the Croatia’s energy security and independence, as well as helping to meet rising electricity demand and CO2 emission reduction goals.

What is the market research report on photovoltaic & concentrated solar power?

The market research report covers market dynamics, growth potential of the photovoltaic (PV) and concentrated solar power (CSP) markets, economic trends, and investment & financing scenario in the Croatia.

How much does hydropower cost in Croatia?

The final average price for the PV technology came in at €0.056 ($0.065)/kWh, while the average price for hydropower was €0.158/kWh. The Croatian authorities initially reviewed 144 projects totaling 713 MW for the auction. The tender was carried out in two phases.

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.

What is the outlook for solar PV installation?

According to Blackridge Research, the outlook for solar PV installation remains strong in the medium term, and the market is expected to expand during the forecast period due to compelling economics, and decarbonization commitments by various stakeholders.