Cindrigo enters deal to acquire 90% stake of 20 MW geothermal power plant in Slatina
Cindrigo has signed an agreement with EES Dravacel Energetika for the sale of a 90% stake in the 20 MW geothermal power plant that will be located in Slatina, north Croatia for a total of US$0.5 million.
Cindrigo plans to develop a 20 MW geothermal power plant on a 57,026 sq m area for which Dravacel holds a geothermal exploration license.
Dravacel will retain the remaining 10% stake in the project. Once operational, the plant is expected to generate earnings of about US$14.69 million annually with potential dividend streams to Cindrigo.
Country updates
-
-
May 17, 2022
Petrol has started the commercial operation of the 32.4 MW Ljubac wind project in Ražanac
Petrol has officially started the commercial operation of the 32.4 MW onshore wind farm located in the municipality of Ražanac, Sibenik-Knin County, Croatia. The EUR37 million (US$38.71 mil...
Read more -
January 21, 2022
Professio Energia buys 78 MW Croatian wind farms
Professio Energia, Mirova, and RP Global have closed the acquisition by Professio Energia of 100% of the onshore wind farms Danilo (44 MW) and Rudine (34 MW), located in Croatia and previously owned b...
Read more -
December 09, 2021
Norinco starts trial operation for 156 MW Senj wind project in Croatia
China North Industries Corporation (Norinco) has started the trial operation of the 156 MW wind farm project in Croatia. The wind project is located near the Adriatic town of Senj and the&...
Read more -
August 23, 2021
EQTEC completes acquisition of waste-to-energy gasification project in Croatia
EQTEC and its Croatian project development partner Sense ESCO have completed the acquisition of a 1.2 MWe waste-to-energy gasification project in Belisce, eastern Croatia. The deal was closed through...
Read more -
August 18, 2021
Petrol starts operation of 30 MW Ljubac wind farm project
Slovenian energy group Petrol has started the commercial operation of its 30 MW wind farm located in the village of Ljubac in the municipality of Ražanac in Croatia. The facility...
Read more
