Wind solar storage project financing options in Slovakia 2030

Why is wind energy untapped in Slovakia?

Despite its high potential, wind energy remains largely untapped in Slovakia due to its perceived instability and regulatory hurdles. Since 2009, the construction of wind power plants has almost complitely halted, with two small wind parks existing in Cerová and Myjava.

Should SHPPs be integrated into Slovakia's energy mix?

The integration of SHPPs into Slovakia’s energy mix could be a strategic move towards enhancing the country’s energy landscape, offering a sustainable and efficient method to increase renewable energy production while contributing to local development and environmental conservation.

Will Slovakia reduce its emissions by 20 % by 2020?

Under EU effort-sharing legislation, Slovakia was allowed to increase its emissions by 13 % by 2020, compared with 2005, and will have to reduce them by 12 % by 2030, but is aiming for 20 %. Slovakia achieved a 16.9 % share of renewable energy sources (RES) in 2019, exceeding its 14 % target for 2020.

How does the Slovak government reduce transport emissions?

To reduce transport emissions, the Slovak government intends to promote biofuels in road transport, particularly through non-food crops, wood, organic waste and waste from food crops. Emissions from waste management made up 4 % of the total, and increased by 20 % over the period.

Is the construction of wind power plants halted?

Since 2009, the construction of wind power plants has almost complitely halted, with two small wind parks existing in Cerová and Myjava. The regulatory and legal framework continues to pose challenges for the installation of smaller wind turbines for household use.

How much CO2 does a new car emit in Slovakia?

The average CO2 emissions of new passenger cars in Slovakia were 9 % above the EU average in 2019, and above the EU-wide target of 130 gCO2/km that applied until 2020. They are considerably above the new EU-wide target of 95 gCO2/km, which applies from 2021.