Finnish Taaleri and Croatian Encro to Build Two Wind Farms of 111 MW Near Zadar

The Finnish company Taaleri Energia has joined the company Encro from Croatia on the project of the construction of two wind farms with a combined capacity of 111 MW near Zadar, Dalmatia. The wind farms are expected to be put into operation in the final quarter of 2023.

Taaleri Energia, through its Taaleri SolarWind II fund, and Encro, which developed the project, will own 100% of the wind farms, whose planned annual production of 317 GWh of electricity will be able to supply some 85,000 households. During its life cycle, the facilities will offset the equivalent of about 78,000 tons of CO2 each year.

The developers are planning to enter into a long-term power purchase agreement (PPA) for a substantial proportion of the electricity generated by the wind farms, according to a press release from Taaleri.

A financing package of EUR 126 million has been secured from Zagrebacka Banka, a member of UniCredit Group, the Croatian Bank for Reconstruction and Development (HBOR), and the European Bank for Reconstruction and Development (EBRD). According to the EBRD, this is Croatia’s first utility-scale renewable energy project developed outside of a state subsidy scheme.

The two wind farms should increase Croatia’s electricity generation from renewables, not including large hydropower plants, by more than 10%, the EBRD said. Croatia’s climate targets include boosting the share of electricity generation from wind and solar from 14% in 2020 to 27% in 2030 and 45% by 2050, the EBRD reminds.

Wind farms near Zadar to have 25 turbines made by Nordex

The construction began in the second quarter of 2021, and the wind farms near Zadar will have a total of 25 wind turbines supplied and maintained over 30 years by Germany’s Nordex, Taaleri said in the press release.

Taaleri Energia is a renewable energy developer and fund manager, with a 2.8 GW wind and solar portfolio in Europe, the US, and the Middle East.

Encro and its partners have so far completed 142 MW of renewable energy projects, with a further 350 MW of wind farms and 300 MW of solar power plants in the pipeline.

Taaleri Energia

Encro

Nordex

Zagrebačka banka

Croatian Bank for Reconstruction and Development

HBOR

European Bank for Reconstruction and Development

EBRD

construction of a wind farm

wind farm

Taaleri SolarWind II

purchase of electrical energy

renewable energy sources

production of electricity

construction of wind farms in Croatia