Tuesday, August 16, 2022

HomeTradingProfessio Energia and Danske Commodities sign PPA for two wind farms in...

Professio Energia and Danske Commodities sign PPA for two wind farms in Croatia to leave the FiT scheme

Effective as of 1 August 2022, energy trading company Danske Commodities will provide route-to-market services for two onshore wind parks, ZD 6 and ZD 2 & 3, located in Croatia’s Dalmatia region. The wind parks have a combined capacity of 46 megawatts (MW) and an average yearly electricity production of 141 gigawatt-hours (GWh) total. They are among the first wind parks in Croatia to voluntarily leave the Feed-in Tariff (FiT) subsidy scheme.

“The ZD 6 and ZD 2 & 3 parks were among the first wind projects ever built jointly by Professio Energia,” said Mario Klarić, CEO of Professio Energia, the first Croatian public listed company focused on the development, implementation and long-term management of renewable energy projects.

“They have supplied renewable energy to Croatian households for more than ten years and we are proud that they are among the first in Croatia to voluntarily leave the FiT subsidy scheme,” he underlined. “By entering a route-to-market PPA with an experienced trading company like Danske Commodities, we hope to increase the value and competitiveness of the assets even further.”

“This is key to succeeding with the energy transition,” added Tor Mosegaard, Vice President and Head of European Power Trading at Danske Commodities.

In December 2021, Danske Commodities signed the first post feed-in PPA to be consumed in Croatia between two non-state market participants, marking a new chapter in the energy transition of the Balkans.

“Danske Commodities has traded energy in Croatia for more than a decade and we now provide energy market services to the majority of the country’s balancing group members,” continued Mr Mosegaard. “Together with ambitious renewables developers like Professio Energia, Danske Commodities wants to set a standard for more deals to be made across the Balkan region, so we can drive the energy transition forward.”

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