Renewables

BiH-based Lager acquires one of largest wind projects in Serbia

lager bih serbia investment wind farm snaga istoka

Photo: Christine Schmidt from Pixabay

Published

July 1, 2024

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Published:

July 1, 2024

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Lager from Posušje in Bosnia and Herzegovina has acquired the Snaga Istoka wind farm project, with a capacity of 300 MW, in Serbia.

Lager now owns 85% of Snaga Istoka, the firm in charge of the 300 MW wind project, while Dejan Vuksanović and Igor Živković each hold 7.5%, according to data from the Serbian Business Registers Agency. Before the change, Vuksanović and Živković controlled 50% each.

The Snaga Istoka wind power project is in the process of obtaining connection approval from Serbia’s transmission system operator Elektromreža Srbije (EMS). The proposed wind farm is on the list of 51 projects that have met the conditions for concluding the so-called agreement on the preparation of the connection study, in line with the regulation on terms of the delivery and supply of electricity.

Snaga Istoka is in the process of obtaining a grid connection

However, fulfilling the conditions doesn’t mean the contract would be signed. It is only the first of several steps in the new procedure. It was introduced to weed out speculative investments from almost 100 applications for grid connections.

On the list of 51 wind power projects, only two have a larger capacity than Snaga Istoka: Lovćenac and Vetrogon.

The City of Bor launched the early public debate a year ago on the detailed regulation plan for the Snaga Istoka project on its territory.

The document covers an area of almost 2,700 hectares of mostly forests. The wind farm should comprise 41 wind generators with an installed capacity of 7.2 MW each.

Lager from Posušje has already built one wind farm

Lager is based in Posušje, a town in the Herzegovina region of BiH, between Split in Croatia and Mostar in BiH. Its main activity is the sale of construction machinery and spare parts. However, it built the second-largest wind farm in Croatia – Krš-Pađene, with a capacity of 142 MW.

According to the firm’s website, it plans to enter the renewable energy market as well as to equip and build smart grids and charging stations.

Lager is developing two more wind projects – Žujino Polje in Croatia, with a capacity of 80 MW, and Gradina in BiH, of 42 MW.

The company’s goal is to become a renewable electricity producer, make equipment for wind farms and build power plants in cooperation with the world’s leading manufacturers, its website reads.

Lager’s owner is Milenko Bašić.

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