Resalta has finalised the sale of its biomass cogeneration plant in Croatia, representing one of the largest foreign investments in the biomass renewables segment in the country.
Following the design, construction, and successful operation of the 5 MWe biomass plant in the municipality of Slatina, Resalta sold the power plant to Luxembourg-based investment fund, PEARL Infrastructure Capital.
Resalta will use funds from the sale of the Slatina plant to explore and develop further projects in the field of renewables in the region.
PEAL Infrastructure Capital is focused on energy and ecology transition, energy efficiency, and circular economy, and specialises in infrastructure assets in the environmental resource management sector (renewable energy based on renewable fuels biomass/RDF/waste, waste valorisation and recycling, water and wastewater cycle management) for industrial clients in Europe.
The Slatina plant was commissioned in 2019 with a long-term electricity off-take contract signed with HROTE, a Croatian power grid operator. The facility generates 40 GWh of electricity annually, enough to supply 500 homes with power, and provides heat to several local industries. It has created 15 new local jobs and continues to employ residents of Slatina.
The project was sold through Energy 9, the Resalta subsidiary that owned the plant in partnership with Iskraemeco.