First commercial PPA in Croatia signed by wpd, Danske Commodities

First commercial PPA Croatia wpd Danske Commodities

Photo: Wpd Adria


December 16, 2021






December 16, 2021





Energy project developer and operator wpd and energy trader Danske Commodities signed a fixed-price commercial power purchase agreement – PPA for the Orlice wind farm in Croatia.

The very first post-feed-in commercial PPA between two non-state market participants in Croatia is about to be consumed, marking a new chapter in the energy transition of the Balkans. Under the agreement, Danske Commodities will be responsible for the trading and balancing of 9.6 MW in capacity installed in Orlice, which is owned by wpd, based in Germany.

Significant signal for development of energy market in region

The onshore wind farm is located near the city of Šibenik on the Dalmatian coast. Its output is equivalent to the electricity needs of more than 5,000 households. It was developed in 2009 by wpd, and the company has now signed the first agreement for Orlice with a commercial offtaker.

The company operates in Croatia and the Western Balkans through its subsidiary wpd Adria.

“The PPA we signed today marks the beginning of our cooperation with Danske Commodities in Croatia, but is also a significant signal for the development of the energy market in the region. Just as wpd was among the first wind farm developers in Croatia, we are now pioneering a PPA with another non-state market participant immediately after the expiry of the original feed-in tariff agreement concluded with the Croatian state market operator for the Orlice project,” wpd Adria’s Managing Director Zoran Obradović said.

Croatia’s green ambitions boosting demand for renewables

The energy transition is gaining momentum across Europe, creating new opportunities for the Balkan energy market, wpd said. At the United Nations Climate Change Conference COP26, Prime Minister Andrej Plenković announced that Croatia intends to lower carbon emissions by 45% by 2030 and to abandon the use of coal by 2033. The country is targeting a 39% share of renewables in final energy consumption in 2030, while the European Union is aiming for 32%.

Mosegaard: The PPA is aimed at setting a standard for more deals across the Balkans

“Danske Commodities has traded energy in Croatia for more than 10 years and has been part of the country’s transition towards a greener economy. Now, Croatia is increasing its green ambitions, which means even more renewable energy will be needed. With this first commercial PPA signed, we hope to expand the development of renewables by strengthening the investment climate for future energy projects – and to set a standard for more deals to be made across the Balkan region,” said Tor Mosegaard, Head of European Power Trading at the Danish firm, owned by Norway’s Equinor.

Wpd owns four wind power plants in Croatia. The firm is developing the Brajići project in Montenegro and has plans for more than 1.2 GW in Croatia and Bosnia and Herzegovina including a solar park. Its 415 MW Virovi wind farm project was recently declared a strategic investment by the Government of North Macedonia.

According to its website, wpd Adria is interested in investing throughout former Yugoslavia and in Albania.

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

Slovenia and Czech Republic to exit coal by 2033

Slovenia, Czech Republic to exit coal by 2033

14 January 2022 - Coal phase-out by 2033 announced Slovenian government, and the new Czech government announced a coal exit for the same year

iea electricity report 2022 prices

IEA: Rising demand for electricity could result in high prices over next three years

14 January 2022 - Average wholesale electricity prices in Europe in the fourth quarter of 2021 were more than four times as high as their 2015-2020 average

Western Balkans integrate markets easier energy transition funding

Western Balkans need to integrate markets for easier energy transition, funding

14 January 2022 - A joint approach makes funding green energy and the coal phaseout easier for the Western Balkans, but funding sources are still insufficient

Albania to lease oil-fired power plant with installed capacity 110-130 MW

Albania to lease oil-fired power plant as a response to energy emergency

14 January 2022 - State-owned power utility KESH issued the call for expression of interest for leasing a thermal power generation asset