Ljubljana-based Interenergo, a subsidiary of Austrian energy company Kelag, has bought the Ivan Sedlo wind farm project, which is being built not far from Sarajevo in Bosnia and Herzegovina.
The construction of the Ivan Sedlo wind farm started at the end of September after more than six years of preparation. The developer, Suzlon Energy BH, owned by the Danish company Suzlon Wind Energy, said at the time that it should be completed in 18 months.
The contract for the purchase of the project was concluded in late October
Interenergo said the takeover agreement was concluded in late October. The wind farm will have five wind turbines of 25 megawatts (MW) in total, while the expected annual production is 65.7 gigawatt-hours (GWh). The power plant is scheduled to come online in 2025.
Interenergo has renewable energy projects with a combined capacity of 43 MW in BiH
The investment in the Ivan Sedlo wind farm will increase the total installed capacity of all Interenergo renewable projects in Bosnia and Herzegovina to 43 MW. The portfolio mainly consists of small hydropower plants (SHPPs), and last year the firm took over a 60% stake in the company Vjetroelektrane Čardakov.
BiH has traditionally obtained most of its electricity from coal and now with the diversification of the energy mix, the country is approaching a milestone of producing more than half of electricity from renewables, said Interenergo.