According to the bank website, this project involves the provision of a long-term senior secured loan of up to EUR 46 million, debt service reserve facility of up to EUR 3.5 million, and bank guarantee of up to EUR 15 million to Kunovac d.o.o., a Croatian SPV company owned jointly by Taaleri SolarWind II S.a.r.l and Encro Kunovac d.o.o., for the purpose of the acquisition, construction and operation of a wind farm project located in Benkovac county, Croatia, with grid capacity of 68 MW ("ZD2P") and a wind farm project located in Obrovac county, Croatia, with grid capacity of 43 MW ("ZD3P").
The project is intended to contribute to climate mitigation by increasing the share of renewable energy generation in Croatia and will add 111 MW of new wind generation grid capacity to the national energy system providing significant support to the country on delivering its 2030 green targets.
In addition, the project will strengthen the private sector's role in the renewable energy sector in Croatia relying on combination of financial power purchase agreement and market offtake without the need for state aid in form of feed-in tariffs or feed-in premiums.
Kunovac d.o.o. is a special purpose vehicle incorporated in Croatia for the sole purpose of the development, construction and operation of the ZD2P and ZD3P wind farms.
Taaleri Energia Szervita Square 8 1052 Budapest, Hungary
Mr. Iljko Curic
Encro Kunovac d.o.o.
Nikole Jurisica 1a
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