Germany-based renewable energy developer BayWa r.e. said on Monday it sold its 10.25 MW Orjak wind farm located in Croatia to Austrian energy firm Kelag.
"Orjak was our first project in Croatia and Southeast Europe. This region is a key future market for us with huge potential in its renewable energy sector. From our Zagreb office we are already driving new wind and solar projects in the region," the head of wind projects EMEA at BayWa r.e., Lorenzo Palombi, said in a press release.
Financial details of the transaction were not disclosed.
The Orjak wind farm was developed by BayWa r.e.’s subsidiary ECOwind in the municipality of Omis, some 25 km southeast of the city of Split. Commissioned in December 2018 and benefiting from a long-term feed-in tariff, the wind farm produces over 25,000 MWh per year, enough to meet the average annual consumption of some 7,000 households.
"The excellent conditions and long-term contracts of the plant will help us to make a lasting contribution to the energy transition in Croatia and Europe, while at the same time providing our customers with pure green energy," the managing director of KI-Kelag International GmbH, Bernd Neuner, said.
Croatia is promoting a premium feed-in tariff as an incentive to boost the growth of its renewable power capacity to 1.9 GW by 2030, from just over 1 GW in 2019, BayWa r.e. noted.
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