Green Forum • 21 November, 2024 at 8:25 AM
Investment firm Mezzanine Partner has introduced the €100 million Energy Adria Fund, Croatia's first energy fund classified as "dark green" under Article 9 of the EU's Sustainable Finance Disclosure Regulation (SFDR).
This designation represents the highest sustainability standard, ensuring all investments promote environmental or social benefits with measurable impacts.
Focused on renewable energy, the fund will prioritize solar and wind projects across the region, aiming to generate over 200 MW of green energy. Backed by €50 million from the European Investment Fund (EIF) via the InvestEU equity program, Mezzanine Partner is engaging domestic institutional investors to match this contribution. The fund targets a 10-11% return for investors.
Croatia, where renewable sources accounted for 28% of electricity production in 2023, faces financing hurdles for large-scale green projects. The Energy Adria Fund seeks to address these challenges by providing critical capital to advance solar and wind initiatives.
"With this fund, we are enabling projects that would otherwise lack funding, contributing to Croatia's environmental goals and aligning with Europe's clean energy ambitions," a Mezzanine Partner spokesperson said.
Mezzanine Partner is known for innovative financing solutions, including the Croatian Mezzanine Debt Fund launched earlier this year to support small and medium-sized enterprises. With its focus on sustainability and regional development, the firm continues to drive progress in Croatia's renewable energy sector.