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  1. Market Data
January 7, 2022

Korlat Wind Farm, Croatia

By Carmen

Korlat Wind Farm is a 64.8MW onshore wind power project. It is located in Zadar, Croatia. The project is currently active. It has been developed in single phase. The project construction commenced in 2019 and subsequently entered into commercial operation in April 2021.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
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Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Onshore 64.8 64.8 Active Zadar, Croatia Hrvatska Elektroprivreda

Description

The project is developed and owned by Hrvatska Elektroprivreda. The company has a stake of 100%.

The project generates 170GWh of electricity. The project cost is $80.2m.

The project has 114m high towers.

Development Status

The project is currently active. The project construction commenced in 2019 and subsequently entered into commercial operation in April 2021.

Contractors Involved

Nordex was selected to render EPC services for the wind power project.

Nordex was selected as the turbine supplier for the wind power project. The company provided 18 units of N131/3600 turbines, each with 3.6MW nameplate capacity.

Nordex is the O&M contractor for the wind power project for a period of 20 years.

About Hrvatska Elektroprivreda

Hrvatska Elektroprivreda dd (HEP) is an energy utility. Through its subsidiaries and affiliates, the company generates, transmits, distributes and sells electricity and thermal energy; and distributes and sells natural gas on wholesale and retail basis. It produces electricity using hydro, crude oil, coal, natural gas, wood biomass and nuclear sources; and procures energy from market suppliers and repurchases from HROTE. HEP carries out trade mediation on the domestic and international markets, including sale for public service user needs, gas trade, gas supply and provision of trading services. The company serves public, commercial and residential customers across Europe. It has electricity generation and heat production plants in Osijek, Zagreb, and Sisak, among others. HEP is headquartered in Zagreb, Croatia.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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Free Report
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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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