Utility scale ESS project financing options in Slovakia 2030

How can EU funds be used for renovations in Slovakia?

EU funds from the Slovakia Programme are also an important source of funding for renovation through the State Housing Development Fund. Projects whose energy saving measures achieve a minimum level of savings of 30 % of primary energy will be supported.

Will Slovakia achieve a reduction in emissions by 2030?

Graph 38 and Table 44 show the evolution of emissions during this period. Based on the scenario modelling results for the National Energy and Climate Plan, Slovakia could achieve an emission reduction of 64.3 % by 2030, compared to 1990, excluding natural sinks (LULUCF) in the decarbonisation scenario.

Does Slovakia have a plan for risk-preparedness in the electricity sector?

ensuring a high level of preparedness for prevention and resolution electricity supply in accordance with Slovakia’s plan for risk preparedness in the electricity sector drawn up pursuant to Articles 11 and 12 of Regulation (EU) of 5 June 2019 on risk-preparedness in the electricity sector and repealing Directive 2005/89/EC.

What will Slovakia's grid export balance be by 2030?

By 2030, the grid export balance is expected to be around 20 % of projected electricity consumption, assuming19 the entry into operation of Mochovce’s 4th nuclear power plant. In this scenario of development, Slovakia will not have any difficulty in covering the expected loads.

Is the Slovak energy policy based on cost minimisation?

The principle set out in the Slovak Energy Policy, which, when projecting the use of RES, took into account the principle of cost minimisation in an integrated approach to the use of RES and the reduction of greenhouse gas emissions, remains valid for the next period.

What EU funds are available for Slovakia?

In addition to EU funds earmarked specifically for Slovakia in the 2021-2027 period, there are also funding programmes open to all Member States. These include LIFE (EUR 5.4 billion), Horizon Europe (EUR 95.5 billion), the Connecting Europe Facility (CEF) (EUR 33.7 billion) or funds to be mobilised under InvestEU.