#Croatia

A turnkey project developed with HEP-Proizvodnja marks a significant addition to Croatia’s growing renewable energy portfolio.

KONČAR Group’s Q1 order book rose to $2.44 B (€2.15 B), with a net profit of $74 M (€65.1 M).

The city aims for 20 MW of solar capacity, boosting energy self-sufficiency and climate neutrality by 2030 through major rooftop installations.

The Laboratory Center of KONČAR – Electrical Engineering Institute has officially started construction on its new high voltage laboratory near Zagreb.

For the 34th time, the Croatian Managers’ & Entrepreneurs’ Association (CROMA) recognized outstanding business leaders, presenting its awards for 2024.

KONČAR has signed a Share Purchase Agreement on the purchase of a 75% ownership share in HELB Ltd.

DRI, the EU arm of Ukrainian renewable developer DTEK is set to build the company’s second wind farm in Croatia.

In October, the Končar – Power Transformers and Siemens Energy joint venture finalised testing of a 120 MVA 380 kV transformer engineered for grid stabilisation.

The Supervisory Board of KONČAR, based on a proposal from the Management Board, has adopted the consolidated business plan for the KONČAR Group for 2025.

Končar Power Transformers Ltd. (KPT) has announced a new business collaboration with Vattenfall Eldistribution AB.

Krempel has opened its new Slitting and Logistics Centre (SLC) in Slavonski Brod, Croatia.

At the end of September, KONČAR achieved a net profit of €116.6 million, an increase of 141.4% compared to the first three quarters of 2023.

EBRD is extending a loan of almost €32 million ($34.6 million) to support the development of the Korlat solar power plant in Croatia.

Končar – D&ST has signed a contract worth more than €19 million ($20.6 million) to deliver transformers to the German power utility EAM Netz.

Croatia’s largest wind farm, Senj, obtained a licence allowing it to move from test to regular operation.

Dalekovod has been awarded a contract worth over €30 million ($33.2 million) for a power line renovation by German transmission system operator TenneT.

Končar – Instrument Transformers has signed a deal to deliver eco-friendly instrument transformers to Portuguese company Rede Elétrica Nacional (REN).

Končar – Elektroindustrija’s unit Končar – Metal Structures has produced and delivered its first transformer tank and accompanying equipment to Hitachi Energy Poland.

Končar – D&ST, together with Danish tech company Hans Folsgaard, has won a tender to deliver distribution transformers for a grid expansion project in eastern Denmark.

Acciona Energía has been awarded a 12-year CfD by HROTE for the Promina photovoltaic plant (189 MWp).

KONČAR has continued its trend of growth in the second quarter of 2024, closing the first half of 2024 with new business milestones.

Končar – Instrument Transformers has delivered 27 power and 15 voltage eco-conscious instrument transformers to Litgrid.

KONČAR – Transformer Tanks (KTK) will focus on manufacturing transformer tanks.

Končar D&ST has received another Zlatni ključ (Golden Key) award in the best large exporter category.