A grant agreement was signed on December 29, 2023, with the Ministry of Economy and Sustainable Development and the Environmental Protection and Energy Efficiency Fund. The allocated funds from the Modernisation Fund will facilitate the project’s implementation, encompassing the construction of the photovoltaic power plant and oversight of the works.

For more information about the Modernisation Fund call "Production of Electricity from Renewable Sources in the Processing Industry and the Heating Industry," please visit this link: https://mingor.gov.hr/o-ministarstvu-1065/djelokrug/uprava-za-klimatske-aktivnosti-1879/modernizacijski-fond/objava-poziva-modernizacijskog-fonda/9200

The installation of the photovoltaic power plant at Ulica Josipa Mokrovića 8 will increase renewable electricity production capacity by 537.51 kWp. This increase will allow the plant to produce a minimum of 526.76 MWh of renewable electricity per year. The project will also reduce greenhouse gas emissions by around 80% compared to pre-installation levels, alongside decreasing reliance on conventional electricity sources.

Project 2023/015653 is co-financed by the Modernisation Fund under an agreement with the Ministry of Economy and Sustainable Development and the Environmental Protection and Energy Efficiency Fund.

Beneficiary Name: KONČAR – Distribution and Special Transformers Inc.

Project Name: "Končar D&ST Solar Power Plant"

Contract No.: 2023/015653, Ref. No.: MF-2023-1-1-138

Total Project Value:  EUR 429,820.90

Grant amount: EUR 214,910.45

Project Implementation Period: 18 June 2023 – 29 December 2025