UK-based infrastructure investment firm Ancala Partners has expanded its renewable energy footprint by acquiring three biomass power plants in Croatia, the company announced on Monday, Renewables Now reported.
The plants, each with a capacity of 5 megawatts, were purchased through Ancala’s Croatian Biomass Platform from The Sherif Group. Financial details of the deal were not disclosed.
With this acquisition, the platform’s total capacity has increased to 25 MW, more than doubling its previous size. It now operates five sites across Croatia, generating around 200 gigawatt-hours of electricity annually—enough to supply power to over 45,000 homes.
The newly added plants are located in Glina, Karlovac, and Brinje, and have been operational since 2017, 2020 and 2021. Ancala’s existing facilities are based in Gospic and Grubisno Polje.
The company said the plants operate under long-term agreements for power pricing and biomass supply, using locally sourced forestry material.
Ancala added that current operational teams will continue to manage the sites, reporting to the platform’s leadership, as efforts are made to improve performance and explore ways to increase output.
The deal also opens the door for further similar acquisitions, marking the 24th such transaction completed by the company across its portfolio.
