Infrastructure management company Ancala has acquired a 5 MW biomass facility in Croatia from renewable energy firm Akuo.
Ancala is an independent infrastructure manager with a diverse €4 billion portfolio of 18 investments in 15 countries.
It has now added a 5 MW green energy plant to its Central and Eastern European EU Renewables Platform.
This platform incorporates two facilities that generate renewable energy from forestry and agricultural biomass.
The first investment was a 5 MW biomass plant in Gospić, Croatia, which was commissioned in 2021.
This facility has long-term feed-in-tariffs and supply agreements in place. The unit features a wood-drying facility.
Ancala also acquired a green energy plant named Elektrana Grubišno Polje (EGP) and an adjacent drying facility called Sirocco, located east of Zagreb.
It is a combined heat and power (CHP) system that also benefits from long-term feed-in tariffs and supply agreements.
The power plant has 5 MW in electricity generation capacity and 6.5 MW for heat energy.
As part of the transaction, the existing management team, led by Laurent Sessa, will continue to operate the CHP plant.
Financial details of the transaction weren’t disclosed.
The acquisition doubles the capacity of Ancala’s renewables platform in Central Europe, said vice president Chris Lee-Evans.
“The management team brings invaluable operational and market knowledge to support the future growth plans of the portfolio. We are looking forward to working with them to explore organic and acquisitive opportunities which further expand the portfolio across central and eastern Europe,” Lee-Evans said.
Ancala acquires Croatia biomass facility
