Renewables

No new quotas for solar plants in BiH until 2020

Photo: Pixabay

Published

January 24, 2017

Comments

0

Share

Published:

January 24, 2017

Comments:

0

Share

Investors planning to build solar power plants in the Federation of Bosnia and Herzegovina will have to give up because there are no more available quotas before 2020.

Data from the Operator for renewable energy sources and efficient cogeneration of FBiH show that new solar quotas will be available only as of 2020. However there will be only 6 kW available which is almost not worth mentioning.

According to the Law on the use of RES and efficient cogeneration, the Power Purchase Agreement (PPA) concluded with micro power plants lasts for 12 years. Micro power plants are facilities with capacity from two to 23 kW that cost up to KM 70.000 (about EUR 35.000).

After that period the power producer has the right to a guaranteed purchase of energy at a reference price. At current prices, this investment pays off after four to five years, and then begins to turn in profits, according to Večernji List.

The paper states that some investors have received all the necessary permits and invested money, only to be stopped at the last stage when they addressed the Operator. When they submitted a request, they were told that they cannot get a quota.

The Ministry of Energy, Mining and Industry confirmed that it is looking for a way to increase the quota for solar energy. The only reason it has not been increased yet, the ministry said, is that the quota depends on the funds dedicated for the subsidies.

Bosnia and Herzegovina has a great renewable energy potential, even the prince of Jordan was interested in building solar plants there. BiH has an obligation towards the European Union to increase the share of renewable energy in total consumption to 40 percent. That share was 34 percent in 2014.

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

Renalfa largest battery facility Bulgaria into operation

Renalfa IPP puts largest battery facility in Bulgaria into operation

21 June 2024 - Renalfa IPP has started the commercial operation of its first utility-scale battery energy storage system

global-energy-emissions-fossil-fuel-use-hit-all-time-highs-in-2023

Global energy emissions, fossil fuel use hit all-time highs in 2023

20 June 2024 - Global emissions from energy increased 2% year on year in 2023, exceeding 40 gigatons of CO2 for the first time ever

global-energy-transition-slows-down-amid-economic-political-volatility

Global energy transition slows down amid economic, political volatility – report

20 June 2024 - European countries lead the World Economic Forum Energy Transition Index 2024 rankings, with Sweden at the top

Masdar-to-take-over-Terna-Energy-in-deal-worth-EUR-3-2-billion

Masdar to take over Terna Energy in deal worth EUR 3.2 billion

20 June 2024 - Masdar is expanding in Greece and Europe by buying Terna Energy for EUR 2.4 billion, translating to an enterprise value of EUR 3.2 billion