Europe
With a power score of 2.45, Croatia ranks number 12 among Emerging Markets and number 2 in the Europe region
Power score
2.45/5
Score over time
2021 - 2024
Croatia has a power score of 2.45, which puts it at rank 12 in the Emerging Markets power ranking. In comparison to 2023, Croatia has dropped in the power rankings by 6 places, from rank 6, to rank 12.
At 2.45, the power score of Croatia is worse than than the regional average of NaN in the Europe region and puts it at rank 2 in the region.
Croatia implements policies in 7/9 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Feed-in tariff, Net metering, VAT incentives, Priority grid access, and Renewable Energy Certificates.
The average electricity price in Croatia has dropped from 225.64 USD/MWh in 2022 to 132.69 USD/MWh in 2023. Since 2017, the average electricity price in Croatia has fluctuated between 71.18 USD/MWh (2020) and 225.64 USD/MWh (2022).
The top amount of capacity installed in Croatia in 2023 was in Large Hydro at 35.85%, down from 36.29% in 2022. The technology with the biggest increase in capacity installed in 2023 was Utility-scale PV at 5.54%, up from 4.79% in 2022.
The top amount of electricity generated in Croatia in 2023 was in Large Hydro at 34.72%, up from 32.66% in 2022.
Investment in clean energy in Croatia was around $683.54 million in 2023, an increase of 134.6% from 2022 ($291.36 million). Between 2018 and 2023, the highest investment in clean energy was in 2018 at $12,290.12 million, while the lowest was in 2021 with $146.20 million.
Which segments of the power sector are open to private participation?
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Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
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Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
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Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
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Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
For more information on best practices and climate action, explore the NetZero Pathfinders project by BloombergNEF.