Will Croatia build Europe's largest energy storage project?
Croatia is preparing to build Eastern Europe’s largest energy storage project. IE Energy has secured €19.8 million ($20.9 million) to develop a 50 MW storage system, potentially extendable to 110 MW by 2024.
How much ie-energy aid will Croatia get?
The European Commission has approved €19.8 million (US$20.1 million) in state aid from the government of Croatia to energy storage operator IE-Energy for a series of grid-connected projects. The aid will be a direct grant to IE-Energy and will cover approximately 30% of capital expenditures for a series of grid-scale battery energy storage systems.
Did Croatia get the green light for IE-energy's massive energy storage project?
Croatia got the green light from Brussels for a EUR 19.8 million grant to IE-Energy for a massive energy storage project.
Is Croatia ready for solar energy storage?
“There is immense scope for energy storage in Croatia, predominantly for battery storage.” GlobalData says that Croatia is now on target to meet its 36.4% renewable energy target by 2030. However, its recent investment in energy storage has not been accompanied by rapid solar PV development.
Will ie-energy be the biggest energy storage project in southeastern Europe?
Croatia got the green light from Brussels to give a EUR 19.8 million grant to a domestic startup for a massive energy storage project. IE-Energy is planning to build a battery system of 50 MW, which means it would be the biggest in Southeastern Europe.
Is there a storage facility in southeastern Europe?
There is no storage facility in Southeastern Europe yet with such a capacity. Of note, a 250 MW project is under development in Turkey, with an envisaged capacity of 1 GWh. The batteries would be used for balancing services for the independent Transmission System Operator in Croatia (HOPS), domestic media reported.
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