Croatia: Danilo Wind Farm

The Austrian renewable energy company RP-Global has developed the 43.7 MW Danilo Wind Farm near the Dalmatian city of Sibenik, which has boosted Croatia’s supply of wind generated power by 34 percent. As of early 2013, around 16 percent of Croatian energy consumption came from renewable energy. With sustained investment in projects such as Danilo Wind Farm, Croatia is well on its way to surpass government targets and perhaps achieve 40 percent energy consumption from renewable sources—on par with Denmark, Germany, Norway, and Sweden. IFC is supporting the concessionaire, RPG Global Holdings, a leading European renewable energy producer, with a financing package for the project that includes both direct and syndicated loans.

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