Ljubljana, 26 July 2023 – Holding Slovenske Elektrarne (HSE), the leading partner in the North Adriatic Hydrogen Valley (NAHV) project, last week signed with the Clean Hydrogen Partnership Joint Undertaking, a contract on the co-funding of the NAHV project, involving EUR 25 million in grants, on behalf of the entire consortium, which it leads. This act served as the official green light for the implementation of this transnational European project as part of the Horizon Europe programme, which is aimed at establishing a dedicated hydrogen valley. The project will be implemented as of 1 September 2023, will take 72 months and feature seventeen pilot projects in various locations in all three partner countries.
The partnership led by HSE, the country’s largest electricity producer and trader and the largest producer of electricity from renewable sources, features 37 organisations: companies, universities, institutes and other public institutions from three counties: Slovenia, Croatia and Italy – the autonomous region of Friuli Venezia Giulia. The concept of the project encompasses the entire chain of the use of renewable hydrogen, from the production to storage and distribution to its end use in various sectors, mainly industry and land and maritime transport. It is also because of this that the NAHV project received the Seal of Excellence, which is awarded as part of the Horizon Europe programme to projects that have been assessed as excellent.
“We are proud that the exceptionally interesting and promising North Adriatic Hydrogen Valley project has been declared one of the best in the Horizon Europe tender and that we are a leading partner in it,” said Tomaž Štokelj, the chief executive officer of HSE, expressing satisfaction that the HSE Group will actively participate in the project. As part of the total of 5,000 tonnes of hydrogen that has been forecast, infrastructure for the production of up to 3,000 tonnes of green hydrogen per year is to be installed in the area of the Šoštanj Thermal Power Plant (TEŠ), which will further contribute to the just transition of this coal region.
“The hydrogen valley project is fully compliant with the vision of HSE – the spearhead of Slovenia’s green transition. Hydrogen is one of the key energy products of the future, enabling us to make a significant contribution to achieving national and European goals in the field of decarbonisation, while at the same time putting Slovenia on the global map of hydrogen valleys. The NAHV project has already been placed on the Mission Innovation Hydrogen Valley Platform, which is managed by the Clean Hydrogen Partnership, an European association for hydrogen,” added Tomaž Štokelj, the chief executive officer of HSE.
Corporate communication department of the HSE Group
The project is supported by the Clean Hydrogen Partnership and its members.
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was held on February 21st 2023 at the Jožef Stefan Institute, Reactor Centre Podgorica, Brinje 40, 1262 Dol pri Ljubljani, where invited stakeholders such as VET providers, representatives of the Universities, energy managers, facility managers, architects, engineers (civil, electrical and…
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Representatives of key stakeholders in the European energy sector gathered in Ljubljana, Slovenia for Eurogas'' Annual Regional Conference to discuss the future of gaseous energy, an important topic, especially given the current geopolitical context. This year, the Annual Regional Conference took place with the kind support of Geoplin, a Slovenian supplier of natural gas active in the country and region.
The European Investment Bank Group investments in Slovenia in 2019 nearly tripled its investments in Slovenia, from last year figures, to reach some EUR 250 million in support of country`s economic and social growth, SMEs, job creation, energy security and energy efficiency and infrastructural development. With EUR 7bn invested in Slovenia since beginning of operations in the country, the EIB is today one of the biggest investors in Slovenia and a key source of affordable, long-term financing for Slovenian economy.
Both parts of the EIB Group – the EIB and the European Investment Fund (EIF) significantly increased their investments in Slovenia in 2019. The EIB invested EUR 184m (more than two times than in 2018), while the EIF invested some EUR 66m (around ten times as much as in 2018).
The EIB Vice-President Lilyana Pavlova said: "EIB results in Slovenia for 2019 are proof of the EIB''s continued commitment to social and economic development of the country. We have tripled our investments here compared to 2018, and supported almost every key sector of the Slovenian economy - from SMEs to energy and energy efficiency. This would not be possible without our partners in the country as well as our dedicated teams in Luxembourg and Ljubljana. In 2020, we look forward to seizing more opportunities together with our Slovenian partners in sectors such as climate, innovation, energy and transport."
EIB investments more than doubles to reach EUR 184m, the EIF`s increases close to 10 times to reach some EUR 66m;
The EIB supported three projects implemented in the country benefiting Slovenian SMEs, energy and energy efficiency sectors. The EIF had five operations in Slovenia, which supported 840 Slovenian SMEs and mid-caps, sustaining 9,426 jobs. With this latest edition, the total number of supported companies in Slovenia rose to more than 5000 and total number of sustained jobs to 44,000 – nearly 5% of the total number of employed in the country.
The EIF activities in Slovenia leveraged additional investment in the total amount of EUR 1.09bn. Between 2004 and 2018, the EIF alone supported Slovenian economic and social growth with EUR 128 million.
The EIB approves EUR 188 million in EFSI-related projects in 2019
In 2019, the EIB approved EUR 188m worth of projects under the European Fund for Strategic Investments (EFSI), a EUR 21bn guarantee programme introduced by the Investment Plan for Europe. EFSI-backed EIB activities in Slovenia are expected to mobilize EUR 1.31bn in additional investments.
Last year, the EIF supported Resalta, a leading Slovenian provider of energy efficiency solutions active in Central Europe and the Western Balkans. The company received EUR 6m in a form of new equity capital to develop its energy services and renewable energy solutions.
The EIF also invested EUR 25m in Slovenian ALFI, a private equity fund, stemming from SEGIP, focused on growing and internationally competitive Slovenian SMEs with capital constraints or succession issues.
To our long-standing partner, SID Banka, the EIB provided EUR 150m for financing of smaller projects implemented by the SMEs, MidCaps, municipalities and public enterprises. This investment boosted SID banka''s capacity to offer dedicated products in the area of infrastructure, energy efficiency and environment.
EIB advisory services continue to provide valuable assistance in attracting project financing
The European Investment Bank''s advisory services continued to provide advisory assistance to its counterparts in Slovenia throughout 2019. Joint Assistance to Support Projects in European Regions (JASPERS) completed one project bringing the total number of completed projects to 10 with an underlying investment value of EUR 1.8nb.
The European Investment Advisory Hub (EIAH) has processed, in total, 33 consultancy requests in the Republic of Slovenia. The Hub is partnership between the EIB and the European Commission under the Investment Plan for Europe, and offers a single point of entry to a comprehensive package of advisory and technical assistance.
Another joint initiative by the EC and the EIB, ELENA, established under the Horizon 2020 programme to provide grants for technical assistance for implementation of energy efficiency, distributed renewable energy and urban transport programmes successfully finished three assignments in Slovenia. Advising the City of Ljubljana, Ministry of Infrastructure and Primorska region of Slovenia, ELENA contributed with more than EUR 4m in technical assistance expected to mobilize EUR 140m for projects improving energy efficiency of public buildings, district heating, street light networks, and offering clean transport options to commuters in Slovenia.
About the EIB in Slovenia:
Total EIB lending commitments in Slovenia since the start of EU`s Bank operations in the country reached EUR 6.99bn. The EIB invested in key sectors of the Slovenian economy, including transport, the environment, energy infrastructure, manufacturing and services. A key component of the EU Bank''s activity in Slovenia is the promotion of small and medium-sized enterprises by increasing their access to long-term financing through local financial institutions. To date, the EU bank supported more than 5000 Slovenian SMEs sustaining more than 44000 jobs in the process.
About the EIF in Slovenia:
Between 2004 and 2018, EIF supported Slovenian economic and social growth with EUR 733 million, invested in more than 5000 SMEs sustaining more than 44000 jobs. In 2019 alone, the EIF invested EUR 66 million to 840 Slovenian SMEs sustaining in process close to 9,500 jobs. To date, the EIF activities in Slovenia leveraged additional investment in the total amount of EUR 1.09bn.
The European Investment Bank (EIB) has approved a €1 billion loan to rebuild public and private buildings in the Italian region of Ischia that were severely damaged by the 2017 earthquake and 2022 landslide. The first tranche of €150 million to support ongoing operations was signed at the Ministry for the Economy and Finance today.
The European Investment Bank (EIB) is lending €430 million to Sweden-based SKF, a global leader in bearings and seals manufacturing, to support research, development and innovation (RDI) central to greening Europe''s economy. The company will use the EIB credit to advance technologies in bearings, seals and lubrication systems over the coming four years at sites in six European countries: Austria, France, Germany, Italy, the Netherlands and Sweden.
The European Investment Bank (EIB) Group and Norwegian DNB Bank ASA are joining forces in a groundbreaking financing initiative, marking 50 years since the EIB''s first investment in Norway.
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