Greek renewables platform EuroEnergy has acquired a 114-MW wind energy challenge in Croatia in a transfer that may broaden its presence within the Balkan area, its mum or dad firm Libra Group mentioned on Thursday.
With an funding of EUR 150 million (USD 162.3m), the challenge will add a brand new asset to EuroEnergy’s present 200-MW-plus portfolio of wind and photo voltaic farms in Greece and Romania.
The wind farm will probably be situated within the municipality of Udbina in Croatia’s Lika-Senj county. It might ultimately be expanded by 70.5 MW of capability, relying on native grid upgrades, Libra Group mentioned.
Monetary particulars of the acquisition weren’t disclosed. The vendor and the challenge’s authentic developer is an unnamed agency with three house owners. One in all them, Boris Katic, was quoted as saying:
“This wind project will provide a significant contribution to the sustainable development of this rural area by creating highly-skilled employment, improving the environment for local businesses and strengthening the regional road and power infrastructure. Located in the triangle between the three National Parks Plitvice, Paklenica and North Velebit, the wind farm is a crucial contributor to supporting and promoting the local communities in this remote region.”
The subsidiary of diversified enterprise investor Libra Group, EuroEnergy was established in Greece in 2007 to give attention to the renewables sector in Europe.
(EUR 1.0 = USD 1.082)
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