ZAGREB, 6 July 2022 - Owing to its geographic position and abundance of water, sun and wind, Croatia can become a leader in green energy production and an energy hub in this part of Europe, the conference "REPowerEU - Regional Partnership for Fast Energy Transition" heard in Zagreb on Wednesday.

Speaking at the conference, organised by the European Investment Bank (EIB), Economy and Sustainable Development Minister Davor Filipović said that with the help of money from the REPowerEU plan, Croatia would double the capacity of its LNG terminal on Krk island, expand Plinacro's gas network and additionally boost the JANAF oil pipeline's capacity.

Boosting the capacity of the LNG terminal and the gas pipeline leading to Slovenia and Hungary will make it possible to supply those countries with energy products, the minister said, adding that JANAF's capacity could be doubled.

He said that the EC's REPowerEU plan was aimed at ending Europe's dependence on Russian fossil fuels by 2030.

The EC's plans also include joint gas procurement, the filling of gas storage facilities at European level, implementation of renewables projects and improvement of infrastructure connectivity across Europe, he said.

The REPowerEU plan means much for Croatia as well as its neighbourhood, Filipović said, noting that one should increase investments in gas pipelines and that a medium-term goal was for Croatia to supply gas and some other energy products also to Bosnia and Herzegovina.

More than €2.2 bn for greener Croatia

Regional Development and EU Funds Minister Nataša Tramišak said that more than 30% of funding from the European Regional Development Fund had been made available for an energy-wise greener Croatia in the period until 2027.

The amount in question is more than €2.2 billion, and if other sources of financing are added to it, the amount rises to more than €2.5 billion, she said.

The head of the EIB Office in Zagreb, Anton Kovačev, said that growing energy prices were strongly affecting the European economy and that the EIB Group had a major role in ensuring a strong and healthy economic recovery of European countries, with emphasis on green projects.

It is good that Croatia has enough water, wind and sun energy, and they should be used, he said.

The head of the European Commission Representation in Croatia, Ognian Zlatev, said that energy was the most talked-about topic today.

The world we live in is dangerous, with Russia having weaponised energy, Zlatev said.

All European countries, including Croatia, should save energy, he said, noting that one should invest in energy efficient buildings, electric cars, etc.

EIB vice-president Tereza Czerwinska said that the Ukraine-Russia war had swept over the European landscape, causing all possible kinds of crisis - from personal to energy.

Europe is making effort to reduce dependence on Russian energy and seeking ways to find an alternative, she said.

More should be invested in energy efficiency, and it will also be crucial to invest in high-risk projects and innovations regarding new technologies, Czerwinska stressed.

It was also noted at the conference that Croatia and Slovenia are an excellent example of regional cooperation, largely owing to the fact that they developed as part of the same system, that the biggest national companies have been treating both countries for a long time as a single market, and that that integration will additionally increase after Croatia's imminent euro area accession.

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May the 23rd, 2022 - Istrian apartment prices have shot up recently, and a new European Union (EU) plan regarding greener energy sources is set to contribute to even further price increases.

As Poslovni Dnevnik writes, Istrian apartment prices have been climbing and climbing, and with the recent introduction of obligations to install solar panels for the production of electricity in all new residential buildings as part of an EU directive, they'll likely keep heading on an upward trajectory, writes Jutarnji list.

The European Commission (EC) recently announced the ''REPowerEU'' plan, which aims to quickly reduce the bloc's overall dependence on fossil fuels imported from Russia, against which there are harsh sanctions in place following their invasion of neighbouring Ukraine, and further work to encourage the green transition. As part of that move, among other things, the mandatory installation of solar panels on existing public and commercial buildings and all new residential buildings in early 2026 has been put into force.

"The cost of construction will certainly be higher for a new building, and relatively higher for existing ones," said the Croatian Chamber of Civil Engineers (HKIG). The chamber also warned that the cost of investment and maintenance of each building should be looked at as a whole, and a cost analysis should be taken into account.

“If we look at the entire so-called life cycle of a building, then there will certainly be no increase in costs due to the installation of solar panels. This will reduce energy costs, which is a significant item when it comes to costs in the phase of using one building,'' the chamber noted.

As is well known, the price of Istrian apartments has been growing very significantly over recent years. Any slightly better position can hardly be bought for less than 2,000 euros per square metre, most often more. New construction, on the other hand, has now approached the price of 3,000 euros per square metre.

The cost of installing solar panels on these buildings ranges from 40 thousand to 70 thousand kuna.

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