Axpo signs long-term wind power PPA with Croatia's Kunovac

The landmark deal signed with Kunovac – a joint investment between the Finnish renewable energy fund manager Taaleri Energia and local developer ENCRO – covers almost 1.8 TWh of green electricity produced at Croatia’s newest onshore wind farm in the Zadar region, reinforcing Axpo's leading position in the long-term energy services market in central and southeast Europe, Axpo said in a press release.

Jointly financed by the European Bank for Reconstruction and Development (EBRD), the local unit of Italian UniCredit Bank - Zagrebacka Banka and Croatian development bank HBOR, the wind farm will produce enough green power for 85,000 households, helping to avoid more than 78,000 tonnes of CO2 emissions annually.

The wind farm has a total grid connected capacity of 111 MW, with Axpo providing the virtual PPA.

In Central and Southeastern Europe Axpo has offices in Romania, Bulgaria, Croatia, Serbia and Greece offering customers a wide range of services in power and gas supply, energy trading and green certificates.