Renewables

Croatian City of Šibenik, Vallis Solaris nearing EUR 1 billion deal on investment in solar

sibenik vallis solaris solar investment

Photo: Marconny from Pixabay

Published

October 19, 2023

Country

Comments

comments icon

0

Share

Published:

October 19, 2023

Country:

Comments:

comments icon

0

Share

The City of Šibenik and German company Vallis Solaris are getting closer to an investment in the solar industry value chain which could reach EUR 1 billion and provide 5,000 jobs.

Vallis Solaris gave consent to the City of Šibenik to send their agreement for a vote in the local assembly. It would initiate the procedure for the purchase of land and pave the way for the largest investment in the nearby Podi industrial zone and entire Croatia, Šibenski Portal reported.

The company has already signed a memorandum of understanding with the Government of Croatia.

The investmen could expand to the production of hydrogen, methanol and synthetic fuels

Back in February 2019, the Ministry of Regional Development and EU Funds said the Fraunhofer Institute for Solar Energy Systems ISE (Fraunhofer ISE), based in Freiburg, Germany, and the government intend to sign an MoU on cooperation for the establishment of a fully integrated photovoltaic manufacturing line in the country.

At that time, the project was estimated at EUR 5 billion.

The local news outlet now said the investment in the photovoltaic industry value chain is worth EUR 1 billion.

The facility would manufacture polysilicon, ingots, wafers, solar cells, solar glass, system components and inverters, after which it could expand to the production of hydrogen, methanol and synthetic fuels.

The manufacturing project will attract investments in solar and wind power plants

It would all require a large amount of electricity from renewable sources, implying the need for solar parks and wind farms, said Professor Volker Wittwer, co-owner of Vallis Solaris.

He is also one of the initiators of the project and one of the founders of Fraunhofer ISE.

The investment in the industrial part of the project should reach EUR 1 billion within eight years, and the full capacity should be achieved in ten years.

In the first phase, Vallis Solaris would buy the currently available 50 to 60 hectares in the Podi industrial zone. However, it would need up to 300 hectares overall.

The project includes the creation of five thousand 5,000 in phases within eight years. Wittver explained that the company would launch cooperation with the Polytechnic of Šibenik and the universities in Zagreb and Split to obtain a skilled workforce.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Janom Investments croatia klakar solar power plant Andrej Srsen pendic

Janom Investments reaches ready-to-build stage for 30 MW solar power plant in Croatia

29 April 2025 - This marks Janom Investments’s first investment in Croatia and a significant step in its regional expansion

CEO Kosovo TSO KOSTT Zeqiri dismissed allegations abuse of office

CEO of Kosovo* TSO KOSTT dismissed amid allegations of abuse of office

29 April 2025 - KOSTT fired CEO Evetar Zeqiri after a complaint that former board members sent to the Special Prosecutor's Office surfaced in the media

bih solar wind projects tso nosbih electricity generation plan

Investors in BiH developing 3,800 MW of wind, 12,500 MW of solar

29 April 2025 - The projections are from the indicative plan for the development of production 2026-2035, published by TSO NOSBiH

North Macedonia MEPSO contractor power line Albanian border

North Macedonia’s MEPSO seeks contractor for power line to Albanian border

29 April 2025 - MEPSO launched a tender for a 400 kV transmission line, the North Macedonian part of a planned interconnection with Albania