Croatia: HEP’s solar projects to get finances form EIB

European Investment Bank EIB invested 530 million euros in Croatia in 2020, the same as in the previous year.

Head of Zagreb Office of the EIB Anton Kovacev said in an interview that the bank invests in both renewable energy and energy efficiency projects in Croatia and that it should sign an agreement on financing several solar projects with state-owned power utility HEP.

Kovacev explained that, Through its partners, the bank has already financed other types of renewable energy sources, such as waste-to-power plants and wind farms. The EIB has signed a Memorandum of Understanding with the Ministry of Economy on investments in renewable energy. This MoU is the basis for EIB to enable HEP, but also other Croatian companies, to think green, to seek and invest in renewable energy sources, to encourage energy efficiency and work to minimize environmental impact, and on the other hand to be as efficient as possible.

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