Release date: 3 January 2022
Promoter – Financial IntermediaryHRVATSKA ELEKTROPRIVREDA DD
The project relates to the construction and operation of a number of renewable energy projects (onshore wind and solar photovoltaic (PV)) in Croatia.
The development of renewable energy supports EU and national targets for renewable energy generation and contributes to the Bank's renewable energy objectives. The project further contributes to the Bank's priority objectives for climate action.
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 63 million
Total cost (Approximate amount)
EUR 85 million
Permits are in place for all sites, following full environmental impact assessment (EIA) processes or have been screened out by the competent authorities, in line with relevant national legislation. Compliance with relevant EU Directives and EIB environmental and social (E&S) standards need to be confirmed during appraisal.
The Promoter has to ensure that any procurement procedures have been done in accordance with the relevant applicable EU public procurement rules as transposed into the national legislation. In particular, the Bank will require that calls for international tenders be published in the Official Journal of the EU, as necessary.
Signed - 27/12/2021