Enlight Renewable Energy has signed an agreement for the acquisition and joint development of a 525MW portfolio of renewable energy projects in Croatia.
The portfolio comprises five projects, across various stages of development.
Four are solar, totalling 386MW and one is a 139MW wind project.
Enlight expects the projects will commence construction from the end of 2023 through 2025, subject to the successful completion of the development phase for each project.
The portfolio is one of the largest and most advanced portfolios of renewable energy projects in Croatia, and will enable Enlight to diversify its activity in Croatia to include large solar projects, alongside its existing operational high-quality Lukovac wind project.
As a member of the European Union, Croatia has adopted a National Energy and Climate Plan (NECP) to increase the generation of electricity from renewable sources from 28% to over 36% by 2030 and 66% by 2050.
Croatia benefits from one of the strongest solar resources in Europe and untapping the potential of its solar resources will be key to achieving the country’s 2030 and 2050 renewable targets.
Enlight already owns a 1.2GW portfolio of renewable energy projects between Hungary, Kosovo, Serbia and Croatia, including 316MW of operational plants.