Renewables

KfW signs EUR 1.1 million financing agreement to help prepare Bitovnja wind farm project

Photo: Pixabay

Published

September 4, 2018

Comments

0

Share

Published:

September 4, 2018

Comments:

0

Share

German development bank KfW and public power utility Elektroprivreda BiH (EPBiH) have signed a EUR 1.1 million financing agreement for the preparation of the Bitovnja wind farm project, one of the key renewable energy facilities envisaged to be built under the company’s long-term development plan, according to a media release from EPBiH.

The funding for the preparation of the Bitovnja wind farm is being provided in the form of a grant by the German government, through KfW, as part of its development aid for Bosnia and Herzegovina (BiH).

The preparation for the Bitovnja wind farm project includes additional measurements of wind power potential, a bankable feasibility study, geotechnical research, an environmental and social impact study, as well as a feasibility study, according to the press release.

The future wind farm, located in the Konjic municipality about 30 kilometers west of the capital Sarajevo, is planned to have up to 25 wind turbines, with a combined installed capacity of up to 60 MW, depending on the type of turbines.

According to estimates so far, the Bitovnja wind farm could generate at least 110 GWh of electricity a year. Measurements of wind energy potential for the Bitovnja wind farm have been conducted since 2010, with all research performed in line with the highest standards and guidelines used in the EU in the field of wind power, according to the statement.

The financing agreement was signed in Sarajevo on August 27 by EPBiH General Manager Bajazit Jašarević and Executive Director for Economic Affairs Muhamed Ražanica, KfW Regional Manager for Southeast Europe and Turkey Constanze Kreiss, and Matthias Schmidt-Rosen, director of KfW’s office in BiH.

KfW is also financing the Podveležje wind farm with 15 turbines, which will be built 10 kilometers east of the city of Mostar in southern BiH, EPBiH recalled.

According to previous reports, KfW has provided a EUR 65 million loan and a EUR 400,000 grant for the Podveležje wind farm, while the rest of the funding for the EUR 81 million project is to be secured by EPBiH.

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

Turkey defense developing first fully domestic wind turbines

Turkey’s defense industry developing first fully domestic wind turbines

27 June 2022 - Turkey's main defense contractor Aselsan joined hands with EÜAŞ with the aim to install the first wind turbines fully made in Turkey in 2024

Skrekas Greece triple LNG storage renewable energy capacity

Skrekas: Greece to triple LNG storage, renewable energy capacity

27 June 2022 - Minister of Environment and Energy Kostas Skrekas said the government would mobilize over EUR 44 billion for Greece's energy sector by 2030

Croatia launches auctions for premiums for large power plants

Croatia launches auctions for renewable energy utility-scale power plants

24 June 2022 - The deadline for submitting bids for the award of premiums is July 4, according to the public call published by HROTE

EP votes protect EU industry after CO2 border tax fully implemented

EP votes to protect EU industry even after CO2 border tax is fully implemented

23 June 2022 - MEPs want to maintain free emission allowances for industrial producers in the EU after the CO2 border tax is fully implemented in 2030