After approving a 55 million euro loan for the construction of a wind farm on the Dalmatian coast near Sibenik, the International Financial Corporation (IFC) is to provide 38.8 million euros for the Jelinak wind farm, north-west of the Split-Dalmatia county.
The IFC, which is a branch of the World Bank, approved a 15.4 million euro loan for Acciona Energia, a local subsidiary of the Spain-based conglomerate Acciona. 23.4 million euros will be issued by UniCredit Bank through a syndicated loan.
“The Jelinak wind farm will make a considerable contribution to Croatia’s energy production from renewable sources and improve electricity supplies to households along the central coast of Croatia. IFC’s support for renewable energy programmes is our contribution to climate change and efforts to advance the approach to infrastructure”, said IFC Director of European and Central Asia Tomasz Telma.
The construction of Jelinak wind farm will raise Croatia’s wind capacity levels by 16%. They currently stand at 180MW.