Loan (Environmental Protection and Energy Efficiency Fund)
Updated: 07.02.2019
Author: Stefan Ćetković
The Environmental Protection and Energy Efficiency Fund awards interest-free loans, subsidies, financial assistance and donations to renewable energy projects (Art. 10 Fund Criteria Rulebook) through a tendering process (Art. 2 § 1 Fund Decision Rulebook). They apply to all legal and natural persons with a seat in Croatia (Art. 8 Fund Criteria Rulebook).
Eligible technologies
All renewable energy generation technologies are eligible (Art. 47 Nr. 6 Fund Statute).
Biomass | Eligible. |
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Hydro-power | Eligible. |
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Biogas | Eligible. |
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Geothermal energy | Eligible. |
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Solar energy | Eligible. |
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Wind energy | Eligible. |
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Amount
The amount of the loan is specified in the tender (Art. 8 Nr. 6 Fund Criteria Rulebook).
Addressees
Entitled party: All public or private legal entities and natural persons, whose place of residence, branch or head office is in Croatia, are eligible (Art. 2 and Art. 8 Nr. 1 Fund Criteria Rulebook).
Obligated party: The obligated party is the Environmental Protection and Energy Efficiency Fund (Art. 3 Fund Statute).
Procedure
Process flow | Application: The application must be submitted in written form in a sealed envelope and must entail the name and address of the applicant and the designation of the subject of the public tender (Art. 4 § 1 Fund Decision Rulebook). Awarding of the incentives: The opening and the evaluation of tenders is conducted by the “tender commission” (Art. 5 § 1 Fund Decision Rulebook). The commission must bring a decision within 60 days after the expiry of the deadline for the application (Art. 5 § 1 Fund Decision Rulebook). The decision will be published on the website of the Fund and will be sent to all applicants (Art. 7 Fund Decision Rulebook). Against the decision of the Fund on the selection of beneficiaries a tender participant may file a complaint within three days of receipt of the written decision (Art. 7 § 4 Fund Decision Rulebook). The tender round: The Fund announces the tenders pursuant to the annual tendering programme once a year (Art. 2 § 2 Fund Decision Rulebook) and publishes them in the Official Gazette “Narodne Novine” and on the website of the FZOEU (Art. 3 § 5 Fund Decision Rulebook). The deadline for the submission of applications cannot be shorter than 15 or longer than 60 days (Art. 3 § 3 Fund Decision Rulebook). Art. 8 of the Fund Criteria Rulebook prescribes that Fund resources can be achieved, if users - have their seat in the territory of the Republic of Croatia
- invest their own funds into projects in the field of renewable energies
- accept the terms of participation in the projects and programmes prescribed in the Fund Statute
- apply for the use of the fund pursuant to the tender
- conclude an agreement with the Fund on the joint investment (loan contract)
- and meet the other specific requirements prescribed in the tender.
The Fund may grant the loan either directly or through a financial institution (Art. 12 Fund Criteria Rulebook). |
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Competent authority | Environmental Protection and Energy Efficiency Fund |
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Distribution of costs
State | The incentives are funded by the national budget and voluntary donations by national and international natural persons and legal entities and other incomes in accordance with the law (Art. 12 § 2 Fund Act). |
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