Renewable energy developer and investment manager Professio Energia and energy trading company Danske Commodities have signed a PPA for two wind parks in Croatia.
The parks, with a combined capacity of 46MW are among the first in Croatia to voluntarily leave the Feed-in Tariff (FiT) subsidy scheme.
Effective as of 1 August 2022, Danske Commodities will provide route-to-market services for two onshore wind parks, ZD 6 and ZD 2 & 3, which are located in Croatia’s Dalmatia region.
The wind parks have an average yearly electricity production of 141GWh total.
They are among the first wind parks in Croatia to voluntarily leave the FiT subsidy scheme.
Professio Energia chief executive Mario Klarić said: “The ZD 6 and ZD 2 & 3 parks were among the first wind projects ever built jointly by Professio Energia.
“They have supplied renewable energy to Croatian households for more than ten years and we are proud that they are among the first in Croatia to voluntarily leave the FiT subsidy scheme.
“By entering a route-to-market PPA with an experienced trading company like Danske Commodities, we hope to increase the value and competitiveness of the assets even further.”
Danske Commodities head of European Power Trading Tor Mosegaard added: “We are pleased to announce our partnership with leading renewables developer Professio Energia for non-subsidised assets.
“Danske Commodities has a strategic aim to increase the value of renewable energy, making it able to compete on market terms. This is key to succeeding with the energy transition.”
In December 2021, Danske Commodities signed the first post feed-in PPA to be consumed in Croatia between two non-state market participants, marking a new chapter in the energy transition of the Balkans.
Mosegaard said: “Danske Commodities has traded energy in Croatia for more than a decade and we now provide energy market services to the majority of the country’s balancing group members.
“Together with ambitious renewables developers like Professio Energia, Danske Commodities wants to set a standard for more deals to be made across the Balkan region, so we can drive the energy transition forward.”
The ZD 6 and ZD 2 & 3 wind parks are owned by EKO Ltd and Velika Popina Ltd, which are joint ventures between Professio Energia (50%) and ENCRO (50%).