Milatić said the goal of the draft law on the electricity market, which is currently under public consultation, is to speed up the implementation of projects in the renewable energy sector, so the deadline for their completion will be five years.

"We plan to have a big competition for premiums in the second half of the year, but not over the summer. The autumn is likely the time for the auction to take place," Milatić said at an online panel discussion organized by the Renewable Energy Sources of Croatia (RES Croatia) on Wednesday.

Minister of Economy and Sustainable Development, Tomislav Ćorić, said earlier that a quota of 400 MW (megawatt) will be distributed at the first auction for large-scale projects. At the end of last year, Croatia introduced auctions for the allocation of premiums and feed-in tariffs (FiT) for projects with a capacity of less than 2 MW, and the first auction saw subsidies approved for 25.5 MW.