2. C A R B O P O L A N D O V E R V I E W
28
No. COUNTRY ASSET NAME FUEL TYPE
OWNER / PARENT
COMPANY
EQUIPMENT
CAPACITY INSTALLED /
PIPELINE*
DESCRIPTION
CAPEX /
ESTIMATED
CAPEX ** [EUR]
BEST
CONTACT
32 PL Nowogard WIND ONSHORE Gmina Nowogard / 1 WTG Vestas V29-225 0.26 MW Loan by Wojewódzki Fundusz (...) 121,426 confidential
33 LV Pope WIND ONSHORE Winenergy / Wind One (Indrek 9 Siemens SWT-2.3-101 20.7 MW Winergy claims the bank is trying (...) confidential confidential
34 PL Zagórze WIND ONSHORE Tauron Ekoenergia Sp. z o.o. / 15 WTG Vestas V80 2MW 30 MW confidential (...) 30,000,000 confidential
35 HR ZD2 WIND ONSHORE EKO d.o.o. / Porzana d.o.o. 8 WTG Siemens SWT-2.3-93 18 MW Societe Generale-Splitska banka (...) 30,500,000 confidential
36 RO Corabia SOLAR PV Transeastern Power 28,602 polycrystalline REC modules 245 Wp, 14 7 MW confidential (...) 21,000,000 confidential
37 PL Gdańsk SOLAR PV Elektrownia CCGT Gdańsk Sp. z o. 6292 QCELL-s (260 Wp), area 25,000 sq meters, 1.64 MW confidential (...) 2,317,073 confidential
38 CZ Mimoň SOLAR PV ČEZ Group Polycrystalline panels fixed to bearing piles fixed 17.5 MW confidential (...) 49,000,000** confidential
39 RO Ucea de Sus SOLAR PV Swiss H1 Ventures Holding / 332,000 Hareon thin-film modules, area 200 ha 82 MW The majority stake holder is the (...) 100,000,000 confidential
40 HU Visonta SOLAR PV Matrai Eromu / RWE-EnBW (74%) 72,480 panels, area 30 ha 16 MW confidential (...) 20,900,000 confidential
41 SI Vrhovo (Hydropower SOLAR PV Savske elektrarne Ljubljana d.o.o. 360 PV modules on the roof of the hydro plant 0.08 MW confidential (...) 409,000 confidential
42 CZ Dukovany NUCLEAR ČEZ, a. s. VVER 440 – Model V 213 2040 MW confidential (...) 924,217,920** confidential
43 HU Paks Powerplant NUCLEAR MVM Group / Paksi Atomerőmű VVER-440/V213 2,000 MW Construction of two new units (...) confidential confidential
44 EE AREJ I, II NATURAL GAS Elering Dual fuel engine, natural gas/fuell oil 250 MW Elering's emergency reserve (...) 135,000,000 confidential
45 SI Brestanica NATURAL GAS Termoelektrarna Brestanica d.o.o. AEG Kanis - PG 5341, Alstom - GT11N2 323 MW Funded by European Investment (...) 66,000,000 confidential
46 EE Iru (Iru elektrijaama NATURAL GAS Iru Elektrijaam AS / Eesti Energia CHP, f1: Natural gas (units 1&2), municipal solid 207 MW Unit 1 was commissioned in 1978, (...) confidential confidential
47 CZ Hodonin LIGNITE ČEZ Group 2 CFB boilers 2 TG sets, fuel: brown coal and lignite, 105 MW confidential (...) confidential confidential
48 SI Ljubljana LIGNITE Energetika Ljubljana d.o.o. / Javni CHP, f1: natural gas, f2: fuel oil 124 MW confidential (...) confidential confidential
49 SK Cierny (Čierny Váh HPP) HYDROPOWER Slovenské elektrárne a.s. / Enel pumped storage plant, 6x Francis + 1x Kaplan 735 MW The plant was commissioned (...) confidential confidential
50 SI Krško HYDROPOWER HESS, d.o.o. / HSE d.o.o. and GEN 3 Kaplan turbines x 500 m3 water.sec 39 MW confidential (...) 165,000,000 confidential
51 BG Tsankov Kamak (Цанков HYDROPOWER Natsionalna Elektricheska 2 Francis turbines of 40 MW 80 MW VA TECH Finance provided the (...) 500,000,000 confidential
52 PL Żydowo HYDROPOWER Energa wytwarzanie S.A. 3 Francis turbines 150 MW confidential (...) 695,121,951** confidential
53 CZ Ostrava - Kunčice HARD COAL ArcelorMittal Ostrava a.s. Under modernisation. In mid 2016 the new a 254 MW confidential (...) confidential confidential
54 LV Jelgava Power Station BIOMASS Fortum CHP 23 MW confidential (...) 27,000,000 confidential
55 LT Klaipėda BIOMASS Fortum Heat Lietuva and waste-to-energy: municipal solid waste, non- 11 MW Nordic Investment Bank provided (...) 140,000,000 confidential
56 EE Pogi BIOMASS Pogi OÜ / Eesti Energia CHP, wood chips 2 MW 40% funded by the Environmental (...) confidential confidential
57 HR Viridas (Viridas Biomass) BIOMASS Uni Viridas d.o.o. / Unit Fueled by solid biomass - forestry and agriculture 9.7 MW confidential (...) 50,000,000 confidential
58 RO Ardud BIOGAS First Biogaz SRL (a memer of CHP; Biogest PowerRing technology; fueled by 1.5 MW Funding provided by Banca (...) 5,300,000 confidential
59 PL Koczała BIOGAS Poldanor SA Two-chamber initial tank 4,000 m3, tank for 2 MW confidential (...) 2,439,024 confidential
60 HR Popovac BIOGAS Energija Gradec d.o.o./ confidential 1.8 MW confidential (...) 6,660,000** confidential
* By pipeline we mean forthcoming power assets or additional capacity which is planned or already under construction.
** CAPEX was estimated based on CARBO data.
The database sample is a simplified version of chosen records from the master database. The content in some of the columns is intentinally only partially
displayed. The scope of master CARBO database includes the following attributes: Project Name, Fuel Type, Owner, Parent Company, DNO, Equipment
Specification, Capacity, Voivodeship, District, Municipality, Address, GPS Coordinates, Equity Funding, Bank Financing, Institutional Support, CAPEX,
OPEX, Annual Power Production, Carbon CO2 Output Over Lifecycle, Start Date, End Date, Stage of Project Development, Risk Ratio, Description,
Company Contact and Best Contact.
CARBO DATABASE SAMPLE
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3. C A R B O
3
M E E T O U R T E A M
MEET OUR TEAM
Dear Colleague,
As a power market player,
CARBO aims to keep you informed.
Ask yourself: what will be the price obtained in Poland's
new feed-in-tariff obtained at auction? Will the price be
PLN 350, PLN 290 or PLN 245? Many factors are at play,
but one thing is certain. If investors don't obtain the right
price for their project, much renewable energy capacity
will never be built.
CARBO is a primary power database and we are send-
ing you a preview of our first deliverable, which we will
issue in Q1 2016. Why should you subscribe to CARBO?
If you're an investor, you can use CARBO to build or
balance your portfolio. If you're a developer, you can use
CARBO to predict which projects will compete in the
auction. And if you're a supplier, you can use CARBO
to find buyers for your products and services.
What's missing from the market is actionable commer-
cial intelligence. Cleantech has been on the market since
2010 providing data, sales and marketing. We invite you
to contact us at the information given on the back cover
and meet the members of our team who are here to help
you navigate CEE's power markets.
Subscribe today to have your business decisions
powered by CARBO.
Kind Regards,
Parker Snyder
Parker Snyder
Commercial Director
Wojciech Kość
Editor in Chief
Barbara Marciniak
Project Manager
Piotr Wdowiński
Head Analyst
Gabor Chodkowski-Gyurics
Analyst
Ozan Saglik
Analyst
Łukasz Mazurek
Art Director
Robert Walczyński
DTP
Natalia Szydlak
Office Manager
EXAM
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4. C A R B O
5
S C O P E O F C A R B O
SCOPE OF CARBO
UNITED KINGDOM
LAND
FR
CH
DE
BE
NL
LU
AT
IT
BiH SRB
MNE
AL
MK
KOS
ANDORA
SPAINUGAL
GR TR
GEORGIA
AARMENIA
UA
BY
FI
SE
NO
MD
RU
RU
DK
LI
SLOVENIA
CROATIA
BULGARIA
SLOVAKIA
HUNGARY
POLAND
LITHUANIA
LATVIA
ESTONIA
ROMANIA
CZECH REPUBLIC
WIND
BIOMASS
NATURAL GAS
HYDRO
COAL
SOLAR PV
NUCLEARGEOTHERMAL
BIOGAS
OIL SHALE
EXAM
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5. www.cleantechpoland.com/carbo
NUCLEAR PLANT
REHAB
Bulgaria Decommissioning two nuclear units
in project funded by EBRD
in 2016, apply by tender
GAS-FIRED
PLANT
Croatia Tender in 2016 to construct a new
combined cycle CHP plant up to 150
MW to replace EL-TO Zagreb CHPP
NUCLEAR PLANT
REHAB
Czech
Republic
CEZ Group plans decommissioning
of [4] VVER 440 - V 213 reactors
and replacement by [2] new units
BIOMASS
CHP
Lithuania Danpower Baltic UAB is building
a 5 MW plant fuelled by forest
residues to be launched in 2016
ONSHORE
WIND TURBINES
Poland
PGE calls for tender for supply,
assembly, commissioning and
maintenance of wind turbines
totalling 90 MW
BIOMASS
PLANT
Poland TergoPower prepares for construction
of a 50 MW biomass-fired plant.
WIND
ONSHORE
Poland
Wiatromill performs the second
stage of onshore wind project
Banie-Kozielice adding
56 MW capacity
SEGMENT MARKET DESCRIPTION
Commercial
Opportunities
EXAM
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6. www.cleantechpoland.com/carbo
HIGH VOLTAGE
POWER GRID
Bulgaria Tender in 2016 for construction
of 400kV power line to connect to
substations for Bulgarian TSO, EAD
SOLAR PV
PLANT
Croatia Developer Flamtron plans to build
1 MW ground-mounted solar PV farm
NUCLEAR PLANT
MODERNIZATION
Croatia
& Slovenia
Planned extension until 2043, adding
1.1 GW capacity: current technology
PWR and LWR
CHP POWER
PLANT
Latvia Latvenergo AS plans construction
of a 400 MW coal and biomass-fired
power plant
SOLAR PV
PLANT
Poland European Energy Fund negotiates
terms to build a 40 MW solar PV plant
in northern Poland
COAL PLANT
UPGRADE
Poland
Coal-fired boiler modernization
including the addition
of desulphurisation
and denitrogenation units
NUCLEAR PLANT
REHAB
Slovakia
Enel SpA decomissions
[2] VVER 440 / V-213 reactors
by 2025 to be replaced by
[2] V-213+ type
SEGMENT MARKET DESCRIPTION
Commercial
Opportunities
EXAM
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7. www.cleantechpoland.com/carbo
BIOGAS
PLANT
Croatia PIK-VINKOVCI prepares a 2 MW
biogas plant construction
WIND
ONSHORE
Estonia EPC for a 52 MW Eesti Energia AS
owned onshore wind farm
planned for 2017
EXTRA NUCLEAR
UNIT
Hungary 2nd stage of nuclear project adding
[2] VVER-1200 units to start
in 2018 or 2019
HYDRO-POWER
PLANT
EXTENSION
Lithuania Lietuvos Energijos Gamyba plans
a new 225 MW power generator for
existing pumped storage hydro-plant
CHP PLANT
MODERNIZATION
Poland
PGNiG Termika SA calls for
modification of coal-fired power
& heat infrastructure to allow
connection of a new CC unit
NEW NUCLEAR
CAPACITY
Poland EPC for a 6 GW nuclear power plant
in 2 stages for PGE EJ1, nuclear power
subsidiary of utility PGE
NEW COAL
PLANT BLOCK
Romania
SC Complexul Energetic Rovinari
plans to add a new 500 MW lignite
coal-fired power block
to existing facility
SEGMENT MARKET DESCRIPTION
Commercial
Opportunities
EXAM
PLE

8. C A R B O
12
K E Y M A R K E T S
CROATIA
OVERVIEW
The power generation is dominated by Hrvatska
Elektroprivreda (HEP), which is a national electricity
company engaged in electricity production, transmission
and distribution. The conventional power market, with
24% in electricity generation in 2014, is dominated by big
thermal plants owned by HEP using coal, oil and gas as
fuel. Import covers 28% of total energy consumption and
the majority of import is supplied by the Slovenian-based
Krško nuclear plant.
RENEWABLE ENERGY
In Croatia the renewable energy support system is
based on FITs. Existing Certificates of Origin have the
sole function of providing proof of renewable energy
generation. Renewable power sector is dominated by big
hydropower plants. They don’t receive any public support,
and yet deliver nearly 70% of total electricity generation.
The biggest green power type supported by FITs is wind
with 82% of installed green capacity in 2014. Since 2014
new FITs have been in operation, supporting bigger
installations as well. Nevertheless, power producers need
to hurry, if they plan to benefit from the current support
system. The new law on renewables is coming into force
in Jan 2016. It introduces different support scheme for
eligible power producers. However, due to extra legal
procedures, the new system is delayed and expected to
become operational from H2 2016.
FORECAST
New system, new hopes. In the forthcoming capacity,
apart for further growth in wind (405 MW of pipeline) we
can also expect biomass (57 MW) and biogas (17 MW)
to increase their share in the energy mix. The solar PV
sector gets slower with 15 MW of reported forthcoming
projects, while biomass is going to triple its capacity
according to the current data on the amount of signed
electricity purchase contracts.
FR
CH
LU
AT
IT
BiH SRB
MNE
AL
MK
KOS
ANDORA
MT
GR
LI
SLO
BG
SK
HU
RO
CZ
500
MW
0.3%
Solar PV
1.24%
Biomass
5.99%
Wind
23.94%
Fossil fuels
68.53%
Hydro
POWER GENERATION IN 2014
Statistics - Country
Total installed capacity
4,547 MW
Pipeline capacity
1,002 MW
Statistics - CARBO
database coverage
Total installed capacity
2,593 MW
Pipeline capacity
1,027 MW
Who is developing
power assets?
C.E.M.P., Koncar
Renewable Sources,
WPD, RP Global
CARBO INTEL
LEGEND
0-25%
25-50%
50-75%
75-100%
LEGEND
OFFSHORE WIND
BIOMASS NATURAL GAS
HYDRO COAL
SOLAR PV NUCLEAR
KEY PIPELINE 2014-2025
SOURCE: CLEANTECH
SOURCE: CLEANTECH
EXAM
PLE

9. C A R B O
23
R E G I O N A L O V E R V I E W
WHOLESALE ELECTRICITY PRICES
PRICE PER MWh (€)
€30-€33
€34-€36
€37-40
Q1 2015
UNITED KINGDOM
D
FR
CH
DE
BE
NL
LU
AT
IT
BiH
SRB
MNE
AL
MK
KOS
ANDORA
SPAIN
AL
GR TR
GEORGIA
ARMENIA
UA
BY
FI
SE
NO
MD
RU
RU
DK
LI
SLOVENIA
CROATIA
BULGARIA
SLOVAKIA
HUNGARY
POLAND
LITHUANIA
LATVIA
ESTONIA
ROMANIA
CZECH REPUBLIC
€32.5
€37.1
€37.0
€35.4
€32.3
€33.0
€39.7
€36.3
€40.2
NO DATA
NO DATA
The electricity
wholesale prices, the
core element of the
final energy price,
depend on the power
generation mix, market
structure, flexibility
of demand and pricing
mechanisms. In H1
2015 some of the
lowest prices in the
CEE region were
reported in Estonia and
the Czech Republic.
The highest on the
other hand were in
Slovenia and Hungary.
Poland stays in the
middle of the pricing
range.
CARBO INTEL
SOURCE: EUROPEAN COMMISSION
EXAM
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10. C A R B O P O L A N D O V E R V I E W
27
No. COUNTRY ASSET NAME FUEL TYPE
OWNER / PARENT
COMPANY
EQUIPMENT
CAPACITY INSTALLED /
PIPELINE*
DESCRIPTION
CAPEX /
ESTIMATED
CAPEX ** [EUR]
BEST
CONTACT
PIPELINE
1 PL Baczyna WIND ONSHORE EDP Renewables Polska Sp. z o.o. under development 120* MW Expected connection to the grid (...) 197,780,880** confidential
2 PL Kluczborg (Smardy WIND ONSHORE DP Wind 1 Sp. z o.o./Drozapol- 4 WTG Vestas V90 2.0MW 8* MW Bank loan EUR: 7,500,000 (...) 12,500,000 confidential
3 PL Konin - Jóźwin 2A, 2B WIND ONSHORE Konin Wiatr Energia Sp. z o.o. / 9 WTG GE 25.3* MW Equity provided by Vortex energy (...) confidential confidential
4 HR Ogorje (Vjetroelektrana WIND ONSHORE Aiolos Projekt d.o.o. / Akuo 14 WTG Vestas V112/3000 42* MW It is expected to be functional by (...) 72,000,000 confidential
5 HR Rudine (Vjetroelektrana WIND ONSHORE Vjetroelektrana Rudine d.o.o. / RP 12 WTG GE 2.85-103 34.2* MW RP Global Holding owns the (...) 53,000,000 confidential
6 LT Silute WIND ONSHORE Silute Vejo Projektai UAB / Nelja 24 WTG GE - 2.5 MW 60* MW The asset will be launched in 2015 (...) 119,500,000 confidential
7 PL Skurpie WIND ONSHORE Farma Wiatrowa 4 Sp. z o.o. / 16 WTG Siemens SWT-2.3-108 36.8* MW Loans: EBRD (max 271,4 mln PLN), (...) 60,652,802** confidential
8 PL Bałtyk Środkowy III WIND OFFSHORE Polenergia Bałtyk III Sp. z o.o. / under development 600* MW Project is currently at the stage (...) 2,460,000,000 confidential
9 EE Hiiumaa WIND OFFSHORE OÜ Hiiumaa Offshore Tuulepark / confidential 1100* MW Expected construction period (...) 2,000,000,000 confidential
10 SI Krško II NUCLEAR GEN-Energija d.o.o. confidential 696* MW confidential (...) 2,000,000,000 confidential
11 CZ Temelín NUCLEAR ČEZ Group VVER 1000 Type V 320 2,133 / 1,400* MW confidential (...) 3,078,735,558 confidential
12 HU Oroszlany Powerplant LIGNITE Vertesi Eromu Rt / Hungarian CHP 240 / - 240* MW Until the end of 2015 - brown (...) 642,000,000** confidential
13 PL Turów LIGNITE PGE GiEK S.A. coal-fired fluidised bed boiler 1,499 / 450* MW New capacity is under way. (...) confidential confidential
14 RO Bretea HYDROPOWER Hidroelectrica SA confidential 12* MW confidential (...) 58,000,000 confidential
15 PL Elektrownia północ HARD COAL Polish Energy Partners Spółka 2 blocks 800 MW 1600* MW confidential (...) 2,439,024,390 confidential
16 LT Kurzeme Coal Power HARD COAL State / Latvenergo AS CHP, fuel: bitumunious coal (85%), biomass (up 500* MW confidential (...) 680,000,000 confidential
17 HR Plomin (TE Plomin: TE HARD COAL TE Plomin d.o.o. / HEP Generation Condensing thermal power plant with two units: 330 / 500* MW The first generating unit, Plomin (...) 528,000,000** confidential
18 PL Bioelektrownia Wińsko BIOMASS Polish Energy Partners Spółka Alstom condensing turbine, boiler DP Cleantech 31* MW Expected commissioning in 2019. (...) 77,878,048** confidential
19 HU Dunaujvaros BIOMASS Hamburger Hungaria confidential 42* MW confidential (...) 150,000,000 confidential
INSTALLED
20 CZ Andelka (Andělka) WIND ONSHORE WSB Andelka s.r.o. / WSB Neue 6 WTG Senvion MM92 12.3 MW confidential (...) confidential confidential
21 EE Aulepa (Aulepa WIND ONSHORE Eesti Energia AS 16 WTG WinWind 3.0 MW 48 MW confidential (...) confidential confidential
22 PL Białogard WIND ONSHORE Contino Białogard Sp. z o. o. / 2 WTG Nordex N100/2500 5 MW European Regional Development (...) 9,493,512 confidential
23 SK Cerova WIND ONSHORE Green Energy Slovakia s.r.o. 4 WTG Vestas V47/660 2.64 MW EU PHARE fund provided €1.8 (...) confidential confidential
24 RO Crucea WIND ONSHORE Sc Crucea Wind Farm SA / Steag 36 WTG Vestas V112/2999 108 MW Steag holds 100% ownership. (...) 192,000,000 confidential
25 RO Chirnogeni WIND ONSHORE EP Wind Project (Rom) Six 32 WTG Nordex N90/2500 80 MW Bank loans provided by a (...) 130,000,000 confidential
26 SI Dolenja vas WIND ONSHORE Alpen Adria Energie GmbH 2 WTG Enercon E70 - 2.3 MW 4.6 MW confidential (...) 11,500,000** confidential
27 PL Jarogniew - Mołtowo WIND ONSHORE Beta Sp. z o.o. / GDF Suez Energia 10 WTG Senvion MM92 2.05MW 20.5 MW confidential (...) 30,500,000 confidential
28 HR Jelinak (Vjetroelektrana WIND ONSHORE Vjetroelektrana Jelinak d.o.o. / 20 WTG Acciona Windpower 1.5 MW 30 MW confidential (...) 55,000,000 confidential
29 BG Kalin (Калин ветропарк) WIND ONSHORE Rübsamen Windenergie GmbH 55 WTG Vestas V100 99 MW confidential (...) 170,000,000** confidential
30 BG Kavarna NW / WIND ONSHORE AES Geo Energy 52 WTG Vestas 156 MW 198 mln EUR provided by a (...) 270,000,000 confidential
31 PL Kukinia WIND ONSHORE AWK Sp. z o.o. / RP Global Sp. 23 WTG ENERCON E82 E2, 2.3 MW 52.9 MW Co-financed by the European (...) 87,188,405** confidential
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