Background information

Hrvatska elektroprivreda d.d. (HEP) is a national producer and distributor of electricity. HEP in 2023 had only 7% of the total available electricity in the amount of 22 terawatt hours from renewable sources; if hydro potential is not counted. Hydropower plants had a share of 34%, thermal power plants 21%, and nuclear power plant Krško 12%. To increase the share of renewable energy sources, the company concluded agreements with the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) on financing the construction of Korlat Solar Power Plant. The total value of both loan agreements is €62 million, of which €31.62 million is the EBRD loan, and €30.38 million is the EIB loan. Following the decision of the Government of Croatia, the loans are secured by a state guarantee covering 80% of their total value.

Content of measure

Korlat Solar Power Plant is the largest solar power plant project in Croatia. The installed capacity of the power plant will be 99 MW (megawatts), and the connected capacity will be 75 MW. In addition to the existing wind farm at a location near the village of Korlat, about seven kilometers from Benkovac, which has been in operation since 2021. The Solar Power Plant Korlat will form a renewable hybrid energy park. The Solar Power Plant Korlat project includes the construction of a solar power plant on an area of about 150 hectares, the infrastructure for the connection to the 110 kV transmission network, and the ancillary facility for storage and management of the energy park.

Use of measure

Construction work on SPP Korlat is expected to begin in the first quarter of 2025, and the power plant could be put into operation during 2026. The expected annual generation of the Solar Power Plant Korlat of 165 million kilowatt hours of green electricity will be sufficient for the supply of around 50 thousand households. The loan repayment period is 15 years in the case of the EBRD and one year longer in the case of the EIB.

Contents

• Other topics

Target groups

Workers	Businesses	Citizens
Does not apply to workers	Sector specific set of companies Companies providing essential services	Does not apply to citizens

Actors and funding

Actors	Funding
National government Company / Companies Other social actors (e.g. NGOs)	Companies European Funds

Social partners

Social partners' role in designing the measure and form of involvement:

	Trade unions	Employers' organisations
Role	No involvement as case not in social partner domain	No involvement as case not in social partner domain
Form	Not applicable	Not applicable

Social partners' role in the implementation, monitoring and assessment phase:

• No involvement
• Main level of involvement: Company level

Involvement

Due to the nature of the measure, social partners were not involved.

Views and reactions

Social partners in Croatia are fully aware of the importance of the green transition and environmental sustainability aligns with economic growth and social equity.

Sectors and occupations

This case is not occupation-specific.

Sources

• 21 October 2024: Construction of Solar Power Plant Korlat (Izgradnja Sunčane elektrane Korlat) (www.hep.hr)
• 15 May 2025: the Korlat solar project (www.tportal.hr)