Croatian Telecom and Liburana d.o.o., which is 100% owned by Professio Energia d.d. have concluded a Term Sheet for the first ever corporate renewable energy Virtual Power Purchase Agreement (vPPA) in Croatia. The agreement is set to be for a 10-year period, pending signing of the contract.

Upon the agreement, Liburana/Professio Energia d.d. will build a dedicated wind power plant ‘Mazin Gračac’, in Croatian Lika region, which shall produce electricity as renewable energy in volumes of 50 GWh yearly and which should start operations in last quarter of 2024.