Will EBRD project help Croatia achieve decarbonisation & energy independence?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.
How much money has the EBRD invested in Croatia?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.
Will the EBRD invest in Croatian pension funds?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.
How will a digital VPP platform help Croatia's green transition?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 Euro
Oct 23, 2025 · Croatia is moving forward with its largest grid-scale battery energy storage project thanks to a new investment from the European Bank for Reconstruction and Development
Oct 24, 2025 · Croatia is taking a major leap forward in its green energy transition, backed by a significant investment from the European Bank for Reconstruction and Development (EBRD)
Sep 27, 2023 · A flurry of grid-scale energy storage news from Europe, with large-scale projects progressed in Kosovo, Switzerland and Croatia involving Millenium Challenge Corporation,
Oct 22, 2025 · Croatia first grid-scale battery storage and virtual power plant EBRD invests €16.8m in Croatia''s first large-scale battery storage and virtual power plant – its first equity
Oct 29, 2025 · EBRD invests €16.8 million in Croatia''s first grid-scale battery storage and virtual power plant project to boost the renewable energy integration.
Oct 13, 2025 · The Croatian government has allocated almost €20 million ($23.2 million) of European Union Modernization Fund grants to help complete a 60 MW/120 MWh battery
Oct 23, 2025 · The European Bank for Reconstruction and Development (EBRD) said on October 22 it will invest €16.8mn in Croatia''s first large-scale battery energy storage system and virtual
Oct 30, 2025 · Project Impact The development will facilitate the installation of up to 60 megawatts of grid-connected battery storage capacity and the implementation of a VPP platform, enabling
Oct 22, 2025 · EBRD invests €16.8m in Croatia''s first large-scale battery storage and virtual power plant – its first equity stake in standalone merchant Battery Energy Storage System
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 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.
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.
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