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German firm wpd invests $1.5 billion in Bosnian wind farms

by Babu Patil
German firm wpd invests $1.5 billion in Bosnian wind farms
  • The German company wpd has agreed to invest 300 million euros ($299.7 million) in the construction of two wind farms in western Bosnia.
  • The deal is the first part of a 1.5 billion euro project.
  • Bosnia is the biggest electricity exporter in the Western Balkans. Energy production makes up 20% of the country’s GDP.

The German company wpd has agreed to develop two wind projects in western Bosnia with a total investment of 300 million euros ($299.7 million). The projects are part of the company’s first part of a 1.5 billion euro project.

The two wind farms are the first phase of a larger project that will include the construction of two more wind farms in the nearby town of Livno—a wind park that will generate 1,000 MW of power.

A syndicate of Chinese companies agreed last year to construct an 84 MW wind farm near the town of Tomislavgrad at an estimated cost of 100 million euros. It will be the largest wind farm in Bosnia, with an annual production of 236.6-gigawatt hours.

Bosnia is the leading exporter of electricity in the Western Balkans, with energy production accounting for 20% of its GDP. The country generates nearly all of its power from coal and hydro, but aims to expand output from renewables.......