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| Slovakia investment in green electricity |
| Bratislava, 05.10.2023 |
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| Slovakia has approximately €122 million earmarked for developing renewable electricity production in the National Recovery plan.
The development of renewable energy falls under the Economy Ministry, which already closed the first call. Most of the €39 million, which were available, went to solar energy because environmental assessment usually takes longer for other renewable power plants, such as wind farms.
With the first bulk of the money, the state supported 90 companies, primarily industrial enterprises, but also retail chains or energy companies for which electricity production is the main earning activity.
Slovakia has had bad experiences with the support of renewable electricity in the past. In 2009, several oligarchs connected to the Smer-SD party of then-Prime Minister Robert Fico received favourable contracts.
At that time, the government allocated guaranteed feed-in tariffs to solar power plants for 15 years, almost ten times higher than the market price in the following years. This support was reflected by the state in the electricity bills that people still pay today.
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Address : Euro-Brew Ltd., Hlboká 22, 917 01 Trnava, Slovakia
Tel. : +421 33 53 418 53, Fax : +421 33 53 418 52, E-mail : info@eurobrew.sk |
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