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Enlight Renewable Energy has entered into an agreement to acquire and jointly develop a portfolio of 525 MW of renewable energy projects in Croatia. The agreements were signed at various stages of development. Five projects are included in the portfolio, including four solar-powered projects totaling 386MW and one wind-powered project totaling 139MW. Enlight expects that construction will begin in 2023 to 2025, depending on the success of each project’s development phase.
This portfolio of renewable energy projects is the largest and most sophisticated in Croatia. It will allow Enlight to diversify its activity in Croatia and include significant solar projects alongside its high-quality Lukovac wind farm. Croatia is a member state of the European Union and has adopted a comprehensive National Energy and Climate Plan to increase electricity generation from renewable sources, from 28% to more than 36% by 2030 and 66% in 2050. Croatia has one of Europe’s strongest solar resources. Unlocking the full potential of these resources is key to reaching the country’s renewable targets for 2030 and 2050.
Enlight’s presence in Central and Eastern Europe is further strengthened by the acquisition. The Company has a portfolio of 1.2 GW of renewable energy projects, which includes 316 MW of operating projects, between Hungary, Kosovo and Serbia.
