• EBRD backs Croatia’s first grid-scale battery storage and virtual power plant

    EBRD backs Croatia’s first grid-scale battery storage and virtual power plant

    The European Bank for Reconstruction and Development (EBRD) is providing a direct equity investment of up to €16.8 million in IE‑Energy Projekt, a newly established joint‑stock company developing a greenfield battery energy storage system (BESS) and virtual power plant (VPP) in Šibenik, Croatia.  EBRD’s investment is approved under the EBRD Direct Finance Framework non-SME. The Project also envisages…