Slovenia's Resalta sells biomass cogeneration plant in Croatia

Wood-based biomass used as a raw material. Source: Andritz (www.andritz.com)

ZAGREB (Croatia), January 11 (SeeNews) - Slovenia's Resalta said it has completed the sale of its 5 MWe biomass-fired cogeneration power plant in Slatina, eastern Croatia, to Luxembourg-based energy-focused investment fund Pearl Infrastructure Capital.

Resalta will use the proceeds from the sale for investments in the field of renewable energy in the region, it said in a statement last week.

The Slovenian company added that it sold the Slatina plant through Energy 9, a Resalta subsidiary that owned the power plant in partnership with Slovenian electrical equipment supplier Iskraemeco. The value of the deal was not disclosed.

Resalta opened the cogeneration plant in 2019 following investment of 24 million euro ($29 million). The plant generates 40 GWh of electricity per year. 

Resalta, formerly GGE, was established in 2011 by Slovenian companies Gorenje, Geoplin and Energetika Ljubljana. GGE originally stood for the names of the three founding companies. GGE announced its rebranding to Resalta in 2018.

($ = 0.8239 euro)

More stories to explore
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription
\