Slovak economy ministry announces first call for recovery plan projects

The ministry intends to publish a total of nine calls. In these calls, a total of €220 million will be distributed to projects from three areas – support of renewable energy sources, repowering and increasing the flexibility of the transmission network. [EPA-EFE / MARTIN DIVISEK]

The economy ministry has announced the first call for RES development projects from the recovery plan which they hope to publish in April.

Those interested will be able to obtain funding for green energy and the modernisation of energy infrastructure within one year – from April to April.

The ministry intends to publish a total of nine calls. In these calls, a total of €220 million will be distributed to projects from three areas – support of renewable energy sources, repowering and increasing the flexibility of the transmission network, the ministry announced on Monday.

“Applicants will be able to apply for money dedicated to the construction of new solar and wind power plants as well as for power plants using the geothermal energy, biomass, biogas, landfill gas and gas from wastewater treatment plants for the cogeneration of electricity” the ministry also said.

In the second area covered – repowering – the ministry also aims to modernise existing renewable energy power plants. Slovakia has many hydropower plants for electricity generation, which are decades-old and need reconstruction. Part of the funding will be dedicated to them.

Funding will also be given to projects to increase the power grid’s flexibility, particularly by funding the construction of energy storage facilities and facilities for hydrogen production by electrolysis using the electricity from RES and for its storage.

Economy Minister Richard Sulík, who sees hydrogen as one of the priorities of his ministry, has announced that he wants to invest €1 billion in the development of the technology. Slovakia has also opened its first mobile “gas” station for hydrogen.

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