The project will support HEP’s decarbonisation plans, with the projected reduction in CO2 emissions expected at around 28,899 tonnes per year.
Grzegorz Zielinski, EBRD Head of Energy Europe, said: “We are very proud to support HEP, Croatian national power utility, in advancing its renewable energy investments in Croatia. This project, set to become the largest solar power plant in HEP’s renewable energy portfolio, underscores the pivotal role of renewables as a sustainable pathway for replacing fossil fuels.“
More than €4.7 billion invested
„The Korlat solar power plant will contribute significantly to the country’s achievement of its renewable energy targets by 2030. With this investment, we reaffirm our commitment to supporting the country’s decarbonisation agenda“, he added.
Also see: Expected 15 percent yearly growth for solar in Croatia
Hrvatska Elektroprivreda d.d. (HEP) is a joint stock company established in Croatia and fully owned by the Republic of Croatia. The main activities of HEP include the generation, transmission and distribution of electricity, the provision of district heating and gas distribution services throughout the country.
Also see: Croatia: Auction scheme for 2.26 GW renewable capacity
The EBRD is a climate finance leader in its regions. In Croatia, EBRD has invested more than €4.7 billion through 252 projects. Majority of the Bank’s finance there goes to the country’s green economy. (hcn)