Wind Wire: Targeted spend

The Croatian government has revealed plans to spend EUR500 million on meeting the country's target for 5.8% of renewable energy by the end of the year, says Igor Raguzin, head of renewables at the economy ministry.

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Raguzin was speaking at the Zagreb Conference on Financing Eco-Innovation in South Eastern Europe. His ministry has prepared a guide for investors and opened an advisory centre on renewable energy sources and energy efficiency. To date, according to Raguzin, the centre has received 311 requests from potential investors in renewable energy projects, of which 167 or 54% relate to wind power. The public sector alone cannot finance the planned investment of EUR10 billion in clean energy projects, he says. Croatia's medium term goal is a 20% share of renewables in energy consumption by 2020. Policies directed at achieving the target include government mandated power purchase prices guaranteed for 12 years and state subsidies for the production of wind turbines.

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