Woodburn Capital Partners, a company specialised in renewable energy investments, plans to introduce its power purchase agreements (PPA) to companies in Croatia and the region as it wants to become a leading renewables developer and operator in central, eastern and southern Europe.
“Our PPAs will be powered by our upcoming plants in Stankovci and Brdovec, as well as several other renewable energy plants that are in the pipeline, that are yet to be announced, along with other partnerships,” Woodburn’s head of development, Mirko Medenica, said in a press release.
Woodburn Capital Partners has signed its first-ever PPA with international automotive company Magna as Woodburn will build and operate a 2.4 MW photovoltaic array at one of Magna Bohemia’s factories in the Czech Republic, supported by the 15-year PPA.
Woodburn is now deploying solar in Central and Eastern Europe and along the Adriatic coastal area of Croatia and also is actively reviewing development opportunities in Bosnia and Herzegovina, a region enjoying up to 35% more sunlight than Central Europe, the company added.