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Integrated Annual Report 2021

In the past year, we strived to develop a strategy of three main activities that follow sustainable development. We believe our employees to be of vital importance in the implementation of our strategy, while we simultaneously encourage digitalization and implement modern tools for process automatization. 

2021 highlights



EUR million


Net Profit


EUR million




EUR million




EUR million


Significant milestones 2021

  • Commencement of trading in emission coupons on the ICE Endex exchange (Netherlands).

  • Start of construction of one of the largest solar power plants in Anhovo in Slovenia.

  • Acquisition of a 60% stake in Vjetroelektrane Čardakov, d. o. o. (Bosnia and Herzegovina) and a 51% share of PVE Perun, d. o. o. (North Macedonia).

Traditionally, we operated with success

In 2020, the company was marked by a highly increased and development-oriented investment activity in the segment of investments in RES and in the segment of energy services. We invested as much as EUR 36.9 million in investments and new projects, which is approximately twice the usual investment activity in previous years. We invested the most in projects in the field of electricity production from renewable energy sources and in energy systems.

Moving forward with a clear strategy

In the last quarter of 2021, we paid a lot of attention to changing and adjusting the operating strategy for the next five-year period. Our commitment to supply energy in an efficient and long-term sustainable way remains unchanged; we will merely increase the scope and intensity of operations.

Integrated Annual Report 2021

Here you have the opportunity to read the integrated full annual report 2021.