Israel's Enlight to acquire, co-develop 525 MW of solar, wind projects in Croatia

Israeli company Enlight Renewable Energy said on Tuesday it has signed an agreement for the acquisition and joint development of a 525 MW portfolio of renewable energy projects in Croatia.

The portfolio comprises five projects in various stages of development, four of which are solar, totalling 386 MW, and a wind project of 139 MW, the company said in a press release.

A SeeNews enquiry seeking further details of the agreement went unanswered by the time this article was published.

Enlight expects that 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 significant solar projects, alongside its existing operational high-quality Lukovac wind project, according to the press release.

As a member of the European Union, Croatia has adopted a national energy and climate plan 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 using their potential will be key to achieving the country's 2030 and 2050 renewable targets.

“The acquisition also reinforces Enlight's already strong presence across central and eastern Europe, where the company owns a 1.2 GW portfolio of renewable energy projects between Hungary, Kosovo, Serbia and Croatia, including 316 MW of operational projects,” it added.

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