EU membership and euro-denominated planning
Croatia has been an EU member since 2013 and part of the euro area since January 2023. For projects whose financing, investment costs and electricity revenues are all denominated in euros, this removes exchange rate risk between those cash flows and makes comparison with other euro-area energy investments more straightforward. It does not remove the other risks of a project. [1]
A renewable energy target that sets direction
The national energy and climate plan adopted in March 2025 targets a 42.5% renewable energy share in gross final energy consumption by 2030. That provides a long-term framework for new generation and the infrastructure needed to integrate it into the energy system. A national target is a market context, not a guarantee of approval or returns for an individual project. [2]
Project quality starts with the site and grid connection
For solar projects, irradiation, orientation, shading and system configuration determine the expected yield. The European Commission’s PVGIS supports site-specific assessment. Those yield assumptions must then be considered alongside land rights, grid connection costs and a realistic construction schedule. [3]
Working with Caelus, we bring these technical and commercial questions together during project development. This helps make the assumptions and local implementation steps understandable to investors.
Storage and electricity sales belong in the same plan
Battery storage can shift part of a solar park’s output to match consumption or market prices. Croatia’s CROPEX offers day-ahead and intraday markets, including quarter-hour products, allowing electricity sales to be differentiated over time. [4, 5]
A long-term power purchase agreement (PPA) can add predictability for agreed volumes. Storage operation and delivery obligations must be coordinated; the presence of storage alone does not establish the commercial value of a project.
Korlat illustrates financing activity in the market
In 2024, the European Bank for Reconstruction and Development announced a loan of up to €31.6 million to HEP for construction and operation of the Korlat solar installation, with up to 99 MW of installed capacity. This is an external example of financing a large Croatian solar project, not a WE GREEN ENERGO or Caelus project. Financing for other projects depends on their own quality and contractual structure. [6]
Our focus: a coherent technical and commercial case
A convincing project requires secured land rights, robust permits, a clarified grid connection and transparent revenue assumptions. Storage calculations must also account for losses, degradation and market access conditions.
Caelus combines these considerations in project development. For WE GREEN ENERGO, the emphasis is on projects whose technical design, intended commercial use and local implementation steps can be assessed together.
Explore the fit for your project or investment focus
Contact our team to discuss your interest in Croatian PV and storage projects. Tell us whether your focus is development, acquisition, joint implementation or commercial energy supply so that the discussion addresses your needs.
