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According to data analytics and consulting firm GlobalData, Croatia's renewable energy capacity is expected to reach 1.
9 GW by 2030, in line with
the government's strategy to increase the share of green energy to 36.
4% of the country's total energy consumption.
GlobalData said in a report on Monday that Croatia's wind power will witness the largest growth in renewables by 2030, with wind power expected to increase from 625 MW in 2018 to 1.
4 GW
in 2030.
However, this data does not include small hydroelectric power plants
.
Croatia's solar power capacity is expected to increase from 61 MW in 2018 to 280 MW by 2030 at a compound annual growth rate (CAGR) of 15%, while biopower capacity will grow at a CAGR of 8% to reach 212 MW
by 2030, the report said.
Utsha Ghosh, Power Industry Analyst at GlobalData, said: "Croatia has 8-9 GW of wind and solar potential, providing new opportunities
for market participants.
The southwestern region of Croatia receives a lot of solar radiation
.
”
Ghosh added, "The southern, southwestern coastal areas have huge wind potential to meet the country's renewable energy targets
.
The country also has huge geothermal energy potential in the northern part of the country, which can be used simultaneously for power generation and heating
.
”
In addition, GlobalData said that by 2030, the growth of renewable energy capacity will allow Croatia to reduce imports from 62.
5% of the country's total consumption to 44%.
In late October, the Croatian government adopted its renewable energy strategy for the next decade, saying that the share of green energy in its total energy consumption will climb to 36.
4% by 2030 and could further increase to 65.
6%
by 2050.
Energy Minister Tomislav Coric said the goal would be achieved thanks to significant investments in improving the energy efficiency of residential buildings, as well as investments in new renewable energy production capacity, much of which is planned to harness solar and wind power
.
According to data analytics and consulting firm GlobalData, Croatia's renewable energy capacity is expected to reach 1.
9 GW by 2030, in line with
the government's strategy to increase the share of green energy to 36.
4% of the country's total energy consumption.
GlobalData said in a report on Monday that Croatia's wind power will witness the largest growth in renewables by 2030, with wind power expected to increase from 625 MW in 2018 to 1.
4 GW
in 2030.
However, this data does not include small hydroelectric power plants
.
Croatia's solar power capacity is expected to increase from 61 MW in 2018 to 280 MW by 2030 at a compound annual growth rate (CAGR) of 15%, while biopower capacity will grow at a CAGR of 8% to reach 212 MW
by 2030, the report said.
Utsha Ghosh, Power Industry Analyst at GlobalData, said: "Croatia has 8-9 GW of wind and solar potential, providing new opportunities
for market participants.
The southwestern region of Croatia receives a lot of solar radiation
.
”
Ghosh added, "The southern, southwestern coastal areas have huge wind potential to meet the country's renewable energy targets
.
The country also has huge geothermal energy potential in the northern part of the country, which can be used simultaneously for power generation and heating
.
”
In addition, GlobalData said that by 2030, the growth of renewable energy capacity will allow Croatia to reduce imports from 62.
5% of the country's total consumption to 44%.
In late October, the Croatian government adopted its renewable energy strategy for the next decade, saying that the share of green energy in its total energy consumption will climb to 36.
4% by 2030 and could further increase to 65.
6%
by 2050.
Energy Minister Tomislav Coric said the goal would be achieved thanks to significant investments in improving the energy efficiency of residential buildings, as well as investments in new renewable energy production capacity, much of which is planned to harness solar and wind power
.
