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.
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The European Bank for Reconstruction and Development (EBRD) said on October 22 it will invest €16.8mn in Croatia’s first large-scale battery energy storage system and virtual …
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The European Bank for Reconstruction and Development (EBRD) is providing a direct equity investment of up to €16.8 million in IE‑Energy Projekt, a newly established …
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Croatia is moving forward with its largest grid-scale battery energy storage project thanks to a new investment from the European Bank for Reconstruction and Development …
The European Bank for Reconstruction and Development (EBRD) has announced a direct equity investment of up to €16.8 million in IE-Energy Projekt, a newly established joint …
The Croatian government has allocated almost €20 million ($23.2 million) of European Union Modernization Fund grants to help complete a 60 MW/120 MWh battery …
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EBRD invests €16.8 million in Croatia''s first grid-scale battery storage and virtual power plant project to boost the renewable energy integration.
In a significant stride towards energy modernisation, Croatia is setting aside EUR 500 million for the development of large-scale energy …
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