Friday, 17th January 2025

Slovenia Sets Ambitious Climate and Energy Goals with Updated NECP

Slovenia updates NECP with €57 billion investment to boost renewables and cut emissions

Slovenia aims to decide by 2028 on building its second nuclear power plant, as part of its updated Integrated National Energy and Climate Plan (NECP). 

The plan targets a 55.4% share of renewables in electricity, 45.2% in heating and cooling, and 25.8% in transportation by 2030. It also highlights the need for 400 MW in batteries, 100 MW in electrolyzers, and increased pumped storage hydropower capacity, though references to the Kozjak project were removed.

The scenario with additional measures in the NECP envisions EUR 57 billion in total investments between 2021 and 2030, including EUR 22 billion dedicated to energy and climate goals. Households are set to receive the largest share, EUR 5.4 billion, for initiatives like energy renovations and device replacements. Electricity grids will benefit from EUR 4 billion, while distributed renewable electricity generation is allocated EUR 3.8 billion. Public sector investments are estimated at EUR 6.9 billion for the decade.

The government emphasized that these goals aim to reduce greenhouse gas emissions, boost sustainability, enhance energy independence, and accelerate the transition to clean energy. The plan aligns with the European Union’s Fit for 55 and REPowerEU packages, targeting a 55% reduction in emissions by 2033, three years later than the EU deadline.

Slovenia has also set a new target to reduce emissions in buildings by at least 70%, signaling a robust commitment to achieving its climate ambitions. While the country plans to phase out coal use by 2033, its sole coal power plant, Termoelektrarna Šoštanj (TEŠ), and the accompanying mine Premogovnik Velenje, may close earlier or operate minimally, accelerating Slovenia’s transition to cleaner energy sources.

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