26.9 C
Berlin

Slovenia to invest 806 million euros on solar, wind energy

Slovenia will invest €806 million under the European Regional and Development Fund (ERDF) the Cohesion Fund to speed up the low-carbon transition of its economy, according to a press release issued by the European Commission.

Slovenia to invest 806 million euros on solar, wind energy
Slovenia to invest 806 million euros on solar, wind energy. Source: Pixabay

The funds are included in a 3.26 billion funding between 2021-2027 as set out in the Partnership Agreement between Slovenia and the European Commission that was adopted on Monday.

The funds will contribute to the decarbonisation of the country as well as to the development of renewable energies.

In particular, investments will be made in solar and wind energy installations, and to improve the energy efficiency of buildings.

The EU funds will also be used to mitigate climate change risks, promote circular economy in businesses, ensure an efficient management of water resources, and protect ecosystems and biodiversity.

Another €249 million from the Just Transition Fund (JTF) will promote a just energy transition by helping the Savinjsko-Šaleška region shift away from coal by 2033.

Commissioner for Cohesion and Reforms, Elisa Ferreira, said: “With these Cohesion Policy investments, Slovenia can continue its sustainable economic development and overcome challenges in innovation and competitiveness.”

Robert Golob, the Prime Minister of Slovenia, announced a plan to install 1,000 MW solar power plants in the next three years to meet the electricity needs of one third of the country’s households.

Slovenia’s total installed capacity of solar power was 367 MW in 2021, according to the statistics from the International Renewable Energy Agency (IRENA). The country currently has some megawatt-scale solar installations. The majority of solar plants are small rooftop arrays.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

You Might Also Like

Germany expected to add up to 11 GW of solar power this year, says BSW

The BSW solar power association announced on Tuesday that Germany is set to add 9 to 11 GW of solar power this year, Reuters...

EU votes through Carbon Border Adjustment Mechanism, refines ETS

Members of the European Parliament voted to pass Carbon Border Adjustment Mechanism (CBAM) on April 18 to further boost non EU countries’ ambition and...

Huasun secures groundbreaking 1.5 GW supply agreement with Inercom

Chinese solar module manufacturer Anhui Huasun Energy has signed a new agreement with Inercom, an EPC services provider in Bulgaria, for the supply of...
Join Our Newsletter

Latest Event

Solar Focus | Unlock Vast Solar Power Potential in Indonesia

On June 29, Solarbe will invite experts from S&P Global, JA Solar and other leading players in the Latin American market to discuss the current status and future outlook of the region's solar market.

Latest article

DMEGC Solar Powers Module Production Entirely with 100% Green Energy

Recently, the globally recognized testing and certification body TÜV SÜD granted DMEGC Solar a certification confirming 100% renewable energy consumption and verified greenhouse gas...

Huawei, Sungrow, Solis, Growatt, and GoodWe secure top spots in global inverter shipments in 2022

Global solar photovoltaic (PV) inverter shipments reached a record high in 2022, surpassing 330 gigawatts (GWac), according to a recent analysis by Wood Mackenzie....

LONGi ventures into HPBC Pro cell technology with 12 GW facility

LONGi Green Energy has unveiled plans to invest in its first-ever HPBC pro solar cell facility in Tongchuan, China. This decision reflects LONGi's commitment...

JA Solar set to reach 57 GW n-type cell production capacity by 2023

JA Solar revealed in a recent investor briefing that the company’s n-type solar cell production capacity is expected to reach 57 GW by the...