Renewable

ZAGREB (Croatia), June 6 (SeeNews) -  Slovenia's Resalta has opened a 24 million euro ($27 million) cogeneration power plant running on biomass in Slatina, eastern Croatia, the city authorities said on Thursday.

With installed electric capacity of 5MW and heat capacity of 12MWThe cogeneration plant can produce 40GWh of electricity and 96GWh of heating energy per year, the Slatina city council said in a statement.

The project was launched in 2016 and benefits from the sustainable development programme of the Croatian government and the EU.

Croatian electricity market operator HROTE has signed a 14-year power purchase agreement with the plant, while Slatina-based companies Marinada and God have signed heating energy supply deals, according to the statement.

The director of renewables at Resalta, Marko Podlesek, said at the opening ceremony that the company will invest in new biomass and renewable energy projects in Croatia.

Resalta, formerly GGE, was founded in 2011 by Slovenian companies Gorenje, Geoplin and Energetika Ljubljana. The name GGE originally stood for the three founding companies. Last year, GGE announced its rebranding to Resalta, saying it had exceeded all initial expectations and had grown regionally alongside with its brand.