Renewables

Investment in solar to facilitate decarbonization of Mostar-based Aluminij

Investment in solar to facilitate decarbonization of Mostar-based Aluminij

Photo: MT https://creativecommons.org/licenses/by-sa/3.0/

Published

March 23, 2022

Comments

comments icon

0

Share

Published:

March 23, 2022

Comments:

comments icon

0

Share

The M. T. Abraham Group said it would build a solar power plant to ensure a stable and affordable electricity supply of Aluminij Industries in Mostar. One of the largest electricity consumers in Bosnia and Herzegovina is entering the process of decarbonization and transition to renewable energy sources.

Activities for obtaining the necessary permits and defining the financial model for the construction of a solar photovoltaic power plant have already started. Israeli M. T. Abraham Group, within which the Mostar-based Aluminij operates, has provided funds for operating costs of EUR 32.3 million for the project, the news outlet reported.

Activities for obtaining the necessary permits for the construction of a solar power plant have already started

M. T. Abraham Group is working on upgrading the foundry, restarting the anode factory and the electrolysis plant, as well as the construction and commissioning of new plants in Aluminij in Mostar, in line with its strategic development plan.

Aluminij is one of the largest consumers of electricity in BiH

Aluminij Industries is one of the largest consumers of electricity in BiH. The plant needs a safe and stable electricity supply of 8,760 hours annually. The solar photovoltaic power plant is planned to produce over 68 GWh per year.

M. T. Abraham Group said it would expand the scope of the project and cooperation. Aluminij Industries, its subsidiary, will be able to meet the electricity needs of the foundry, anode factory, and administration building with the photovoltaic plant.

Solar opportunities in Herzegovina

The average number of sunny days in Mostar is over 280 per year, and with the availability of large open areas, there is great potential for solar power plant projects.

The entire territory of Herzegovina is ideal for efficient and long-term use of solar potential, with significant sources of solar energy and an extremely favorable seasonal schedule of sunny days.

Aluminij Industries is certified according to the ISO 9001:2015 and ISO 14001:2015 standards and it has become part of the Aluminium Stewardship Initiative and European Aluminium. The company from Mostar said it is both the largest importer and exporter in Bosnia and Herzegovina, with an annual production capacity of over 350,000 metric tons.

The company from Mostar is both the largest importer and exporter in Bosnia and Herzegovina

With the solar power project, Aluminij Industries is aligning its operations with the objectives of the Paris Agreement. The company guarantees the origin of every megawatt-hour of electricity coming from renewable sources with certificates.

Večernji list reports that M. T. Abraham Group contributes to the accelerated green and digital transformation of Europe through the use of recycled aluminium and exclusive reliance on renewable energy sources in its business.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

macedonia mepso ebrd loan grid renewables koka basso bozinovska

MEPSO secures funds for grid investments; upgrade to enable connecting 1.2 GW of renewables

23 July 2024 - MEPSO and the European Bank for Reconstruction and Development (EBRD) have signed an agreement on a EUR 26.4 million loan

fiat grande panda stellantis serbia electric cars automobiles

Stellantis starts producing electric cars in Serbia

22 July 2024 - With the announced state subsidies, Fiat Grande Panda from the Kragujevac plant could cost around EUR 18,000

Greece lowers 2030 renewable penetration goal in its final NECP

Greece lowers 2030 renewable penetration goal in its final NECP

19 July 2024 - Greece's final National Energy and Climate Plan (NECP) is expected to be submitted to the European Commission in the following days or weeks

Renewable energy spatial plan delayed again in Greece

Renewable energy spatial plan delayed again in Greece

19 July 2024 - It has now been ten years since the European Commission first asked Greece to modernize its renewable energy spatial plan