Croatia receives latest tranche of EU funds

The European Union has disbursed almost three billion euros from the Modernisation Fund to support 39 energy projects in 10 member countries, including Croatia, the European Commission reported on Monday.

As part of the new tranche worth just less than three billion euros, Croatia has received 52 million euros.

This is the largest payment to date from the Modernisation Fund, from which a total of 12.65 billion euros has been disbursed since January 2021. Croatia has received a total of 210 million euros so far.

The Modernisation Fund is a financial instrument established by the Greenhouse Gas Emissions Trading Directive for the period from 2021 to 2030 and aims to achieve climate neutrality.

The Modernisation Fund supports 13 member states in achieving their energy targets by helping them to modernise their energy systems and improve energy efficiency.