Croatia approves new tariff system for renewable energy production.

By bne IntelliNews June 1, 2012
The Croatian government has adopted a draft of a new tariff system for the production of electricity from renewable energy sources, which aims to encourage investment in the sector, news agency HINA reported. Deputy PM Radimir Cacic said that the country is obliged to start producing 20% of total power from renewable sources as of 2020 and therefore it needs to invest about EUR 2.5bn. Under the draft, the tariff system has been adjusted to EU practices and introduces a local tariff incentive.

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