The investment for biomass cogeneration plant in Gospic is worth more than 20 million euros and is now the second largest greenfield investment in the area. The new biomass power plant is developed by the Czech company GEEN Holding, has installed capacity of 5 MW. The produced electricity will be taken over by state-owned power utility HEP, while the thermal energy will be primarily used for the needs of the technological process (biomass drying), and the heating of the city of Gospic. This will be the third biomass power plant built by GEEN in Croatia. The plant is built by local company Djuro Djakovic, which is the eight biomass cogeneration project it has completed in Croatia.
In 2019, GEEN Holding has commissioned its second biomass-fired combined heat and power plant in Croatia. The facility, in which the Czech company invested 39 million euros, is located in Zupanja in eastern part of the country and has output of 8 MW in heat and 4.96 MW in electricity. The plant has been commissioned following a successful trial operation and is expected to generate up to 40 GWh of electricity per year by burning wood chips and pellets.