Alfi, Aspiravi, Zero Emissions reach wind farm project deal in BiH

Alfi Renewables, Aspiravi International and Zero Emissions AG have agreed the main terms of cooperation on a 125 MW wind farm project in Bosnia and Herzegovina.

The wind project is close to the ready-to-build phase, with the start of construction planned for 2025 or 2026 and the start of operations for 2027, Alfi Renewables said.

After taking over the construction of the 105.6 MW Krivača wind farm in Serbia, Alfi Renewables inaugurated it in May. Aspiravi International is part of the Belgian producer and supplier of green electricity and heat Aspiravi Group.

The group also develops, finances, builds, and operates green power projects.

 A project would be implemented in Livno

According to Alfi, Swiss group Zero Emissions AG is also a partner of the Government of Canton 10 in the Federation of BiH and Aspiravi in the development of GET – Green-Energy-Tech-Zone.

The proposed wind farm project in Livno envisages 19 wind turbines with a total capacity of 125 MW, said Suvad Bajrić, director and partner in Alfi Renewables and manager of the Alfi Green Energy Fund.

Alfi would become one of the investors and contribute with its experience from the Krivača project, especially in arranging project financing and the sale of electricity through power purchase agreements.

Zero Emissions AG to connect international investors with local engineering and energy talent to implement large-scale energy transition projects

Aspiravi On-shore’s CEO Bernard Steverlynck said the firm is very pleased that Alfi has shown an interest in the project. The firm has onshore and offshore projects and operates in several European countries and on the island of Curaçao.

According to Porin Ivanišević-Dammeier, Zero Emissions’ CEO and Chairman, and Pero Vrdoljak, member of its board and CEO of the company’s BiH subsidiary, the mission is to blend international tier-1 investors and technology leaders with local engineering and energy talent to jointly materialize large-scale energy transition projects in the country on its path to the European Union.

It is a major milestone for private energy investments in the domestic market, they said.

Of note, Alfi Green Energy Fund is part of Alfi Group, which manages more than EUR 500 million across five asset classes, with a focus on the Southeast Europe region.