The sites are located in Croatia, one in Gospić and one east of Zagreb. The platform has a total generation capacity of 10MW.
Both sites benefit from long-term feed in tariffs and supply agreements.
The first investment in the portfolio was a site in Gospić. We identified the opportunity through building a relationship with a family-owned Czech renewable developer with a portfolio of assets in central Europe. The vendor required liquidity and Ancala was able to develop an attractive solution as an experienced biomass owner.
Since Ancala’s first investment, we have been working closely with the portfolio to enhance its operations and acquire new complementary sites. In 2024, the portfolio added a 5MW plant and an adjacent drying facility to the portfolio. The site expanded the portfolio’s generation capacity and increased its footprint of biomass plants.