Croatia – Wpd closes on wind farm

The €45m wind energy project is being financed through a €35 million loan from KfW-IPEX, carrying a 12.5-year post-construction tenor. This broadly matchers Croatia fixed feed-in-tariff of €90 per MWh over 12-years.

KfW Bank is supporting the funding of the loan through its renewables energy programme. With Enercon supplying the project’s 16 wind turbines the wind energy project has pretty much complete German content.