Turkish Soyak group to develop 98 MW project in Croatia
Through its subsidiary Terra Enerji, Turkish Soyak Group secured a permit for the development of a 98 MWe geothermal power project in Legrad, Croatia.
Turkish group Soyak received a permit to develop a geothermal power project in Croatia, as reported in Türkiye just before year-end.
The Soyak Group operates two geothermal power plants in Turkey through its subsidiary Mis Enerji Üretim A.S.:
- Mis-1 Geothermal Power Plant with a capacity of 12.3 MW in Alasehir, Manisa.
- Mis-3 Geothermal Power Plant with a capacity of 48 MW, also in Alasehir, Manisa
- and has additional development interest in the country.
The permit has been issued by the Ministry of Economy and Sustainable Development and will be valid for 25 years for the development of a 98 MWe geothermal power plant, with an option to expand by 4% at a later stage. The company has been seeking this permit for four years through its subsidiary Terra Enerji, since 2020.
The Legrad 1 geothermal project has been granted an exploitation permit for geothermal energy. The permit outlines the scope for developing infrastructure and production facilities across the southern area of the Legrad 1 geothermal field. Managed by Terra Energy Generation, the project will include phased development, highlighting Croatia’s push toward renewable energy development
The signing will take place on February 4 at a ceremony attended by the Croatian Minister of Economy. Terra Enerji will pay EUR 3,981 ($4,148) for each square kilometer of land. To this figure will be added 5.67 percent of the market value of electricity generated by geothermal energy. In addition, a payment of EUR 225,000 will be made to compensate for any possible damages caused by the plant to be built in the region.
Source: Patronlar Dunyasi
Note: we replaced the picture used as it was actually part of a separate project in the region and not related to this specific permit. We apologize for the mix-up.
