German firm to invest $1.5 billion to build four wind farms in Bosnia

SARAJEVO – A German firm has agreed to construct two wind farms in western Bosnia price 300 million euros ($299.7 million), the primary a part of a 1.5 billion euro venture, the German embassy stated on Friday.

The deal to construct farms within the cities of Glamoc and Bosansko Grahovo in Bosnia’s autonomous Bosniak-Croat Federation was signed earlier this week by Ivan Vukadin, prime minister of the Federation’s Canton 10, and Andreas Chollet, improvement supervisor of German firm wpd GmbH.

The 2 farms are the primary half of a bigger venture that may embrace the development of two extra wind farms within the close by city of Livno – a wind park that may generate 1,000 megawatt (MW) of electrical energy, the assertion stated.

Western Bosnia is characterised by excessive plateaux, making it beneficial for producing energy from wind.

A consortium of Chinese language corporations agreed final 12 months to construct an 84 megawatt (MW) wind farm at a price of about 100 million euros within the space, close to the city Tomislavgrad, which will likely be Bosnia’s largest with an annual output of 236.6 gigawatt hours (GWh) of electrical energy.

Bosnia, which produces almost all its energy from coal and hydro however goals to extend output from renewables, is the most important exporter of electrical energy within the Western Balkans, with vitality manufacturing accounting for 20% of its GDP.

($1 = 1.0008 euros)

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