The EBRD said the project will contribute to Croatia’s goals of decarbonisation and energy independence by reducing reliance on fossil fuels and improving energy system stability amid rising renewable generation.
The EBRD has invested more than €5bn in 273 projects in Croatia to date, focusing on supporting reforms, leveraging EU membership benefits, and modernising public-sector enterprises.
Croatian pension funds managed by Raiffeisen will match the EBRD’s contribution with an equivalent €16.8mn investment, while an additional €16.5mn grant will come from the EU Modernisation Fund, the bank said.
The facility will enable real-time balancing of electricity supply and demand through the deployment of a digital VPP platform, enhancing Croatia’s grid flexibility as it expands its solar and wind power capacity. “This investment marks a milestone in Croatia’s green transition,” said Miljan Ždrale, EBRD director for Central Europe.
Our standardized container products are engineered for reliability, safety, and easy deployment. All systems include comprehensive monitoring and control systems with remote management capabilities.
The project is expected to provide up to 60 megawatts of flexible capacity, helping to stabilise the national grid and support the integration of renewable energy sources.
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