Croatia: Crescent Capital & EnergCap complete their 42 MW wind park

23. June 2015. / SEE Energy News

The project began back with the management of the company Eco-Energy in 2009th, and wind power plants with an additional 12 MW of power will be built in the second phase.

The company EnerCap, the fund manager based in Prague which specializes in investments in clean energy in Central and Eastern Europe, and Crescent Capital, a Turkish fund manager which specializes in investing in energy and infrastructure, jointly ensure equity of 50.5 MEUR for the construction of the second largest wind farm in Croatia, which will produce more than 10 percent of the installed capacity of wind power in Croatia.

“Wind Zelengrad – Obrovac will produce approximately 100 GWh per year, which corresponds to the consumption of around 25,000 households, thereby avoiding the emission of 24,000 tons of CO2 emissions. We have a building permit for the construction of four additional wind turbines, which would become the largest wind farm in Croatia. But the administration is the problem for us, and that they restrict the quota for additional megawatts, and no further investments in wind energy in Croatia”, said Zoran Simone, CEO of Eco Energy concept.

The attorney Davor Stanic from the Company Stanic and Radovic, who is a legal adviser to investors, explains that technical limitation prescribed by the HOPS prevents expansion. “We expect to liberalize further investment in wind energy in Croatia”, said Davor Stanic.

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