EBRD has approved a €12.2 million (~ $14.15 million) senior non-recourse loan for RP Global Novalja d.o.o., a unit of Austria-based RP Global, to develop a 21 MW PV facility in Novalja, Croatia. The financing, arranged under the EBRD InvestEU Framework for Sustainable Transition, comprises tranches of €7.2 million (~ $8.35 million) and €5 million (~ $5.8 million), with the latter benefiting from an EU InvestEU guarantee. Upon completion, the plant will contribute 21 MW of renewable capacity to Croatia’s grid while cutting 6,400 tonnes of CO₂ emissions each year. Earlier this year, the EBRD provided €50 million toward GEK TERNA’s €500 million bond supporting renewable and infrastructure development in Greece and Southeast Europe.