The Croatian battery news came in the wake of plans for a standalone utility-scale battery storage system in Serbia. The office of the Mayor of Leskovac revealed plans for a 125
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The EBRD''s direct equity investment will go to IE-Energy Projekt, a newly established joint-stock company developing the greenfield battery energy storage system (BESS) and virtual power
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The European Bank for Reconstruction and Development (EBRD) has announced a direct equity investment of up to €16.8 million in IE-Energy Projekt, a newly established joint
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The EBRD''s direct equity investment will go to IE-Energy Projekt, a newly established joint-stock company developing the greenfield battery energy storage system (BESS) and virtual power
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We''re talking about Croatia''s first large-scale battery storage system paired with a virtual power plant—tech that''ll completely reshape how the country handles renewable
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All power stations in Croatia are owned and operated by Hrvatska elektroprivreda (HEP), the national power company. As of 2015, HEP operates 26 hydroelectric, 4 thermal and 3 cogenerating power plants with the total installed electrical power of 3.654 MW.
The EBRD said the project will contribute to Croatia’s goals of decarbonisation and energy independence by reducing reliance on fossil fuels and improving energy system stability amid rising renewable generation.
The facility will enable real-time balancing of electricity supply and demand through the deployment of a digital VPP platform, enhancing Croatia’s grid flexibility as it expands its solar and wind power capacity. “This investment marks a milestone in Croatia’s green transition,” said Miljan Ždrale, EBRD director for Central Europe.
The EBRD has invested more than €5bn in 273 projects in Croatia to date, focusing on supporting reforms, leveraging EU membership benefits, and modernising public-sector enterprises.
Croatian pension funds managed by Raiffeisen will match the EBRD’s contribution with an equivalent €16.8mn investment, while an additional €16.5mn grant will come from the EU Modernisation Fund, the bank said.
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