HEP – Obnovljivi izvori energije (HEP Renewable Energy Sources), a daughter company of Hrvatska Elektroprivreda, was founded in October 2006 for the purpose of grouping and supporting renewable energy projects.
- Make profit from sales of electricity produced by “new” renewable sources (small hydro power plants up to 10 MW of electric capacity, wind power plants, geothermal power plants, biomass power plants and other sources) at the specific feed-in tariff.
- Improve the overall CO2 emission balance, which may help in the planning and building of fossil-fuel base load plants.
- Contribute to diversification of primary energy sources and reduce oil and gas price fluctuation risk.
- Develop new competencies in the field of renewable energy sources.
Research and development, financing and exploitation of renewable energy sources in order to secure reliable and economical electricity production and to meet HEP Group objectives of sustainable development and environmental protection.
To be a leading investor and producer of electricity from renewable energy sources in the region as well as the leader of the Croatian electricity cluster in the field of renewable energy sources.