It is the EBRD's first solar photovoltaic (PV) project in Croatia, as well as the bank's first project with the European Commission-run InvestEU program designed to support sustainable economy projects, the bank said in a press release.

The electricity produced by the solar plants will be sold directly on the market but will also allow the client to enter into corporate power purchase agreements (PPAs) at the time of its choosing, the EBRD said.