KfW to lend EUR 47.5 million for renewable energy projects


May 26, 2015





May 26, 2015




Vjekoslav Bevanda, deputy chair of the Council of Ministers and minister of finance and treasury, signed a financial cooperation agreement worth EUR 48 million with Christian Hellbach, ambassador of Germany in Bosnia and Herzegovina.

Bevanda said the deal enables withdrawal of EUR 47.5 million through favourable loans and EUR 500,000 of grant funds, of which 52% is going to the Federation of Bosnia and Herzegovina, the larger entity, and the remainder to the Republic of Srpska. He clarified that these funds will finance development of hydropower generation and other renewable sources projects, while grant funds are for a water supply and sewerage project. Bevanda thanked the authorities of Germany for approving EUR 600 million altogether to Bosnia and Herzegovina, including almost EUR 100 million of grants, and reported.

Ambassador Hellbach said that through the projects Germany wants to support Bosnia and Herzegovina to use its huge energy potential even better and he pinpointed that the funds are not for budgets but for concrete projects. The German government so far approved EUR 750 million through financial cooperation projects to Bosnia and Herzegovina, the embassy said.

Related Articles


Record 21.1 GW of new offshore wind capacity deployed in 2021 – GWEC report

29 June 2022 - By the end of this decade, 260 GW of new offshore wind is forecast to be added globally, with total capacity reaching 316 GW

G7 reverses climate policy support LNG gas nuclear power

G7 reverses climate policy with support for LNG, gas, nuclear power

29 June 2022 - The G7 reaffirmed its commitment to climate goals, but it backed the deployment of gas, particularly LNG, and of nuclear power

Romania renewables statistically attributed Netherlands

Romania’s renewables can statistically be attributed to Netherlands

28 June 2022 - The EU enables countries to pay other member states to formally make up for shortfalls in achieving own green energy targets


EU faces challenges in delivering on ambitious offshore wind target

28 June 2022 - The ambitious target could prove challenging due to expected shortages of specialized offshore wind installation vessels