Hrgud Wind Farm, Bosnia and Herzegovina

Hrgud Wind Farm is a 48MW onshore wind power project. It is planned in Berkovici, Bosnia and Herzegovina. The project is currently in financing stage. It will be developed in single phase. Post completion of the construction, the project is expected to get commissioned in 2023.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.

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Project Type	Total Capacity (MW)	Active Capacity (MW)	Pipeline Capacity (MW)	Project Status	Project Location	Project Developer
Onshore	48	–	48	Financed	Berkovici, Bosnia and Herzegovina	Elektroprivreda Republike Srpske

Description

The project is being developed and currently owned by Elektroprivreda Republike Srpske.

The project is expected to generate 126,000MWh of electricity. The project cost is expected to be around $75.332m.

The wind power project consists of 16 turbines, each with 3MW nameplate capacity.

The project will have 80m high towers.

Development Status

Post completion of the construction, the project is expected to get commissioned in 2023.

About Elektroprivreda Republike Srpske

Elektroprivreda Republike Srpske (Elektroprivreda Republike) is a utility service provider that offers electricity generation and supply services. The utility generates electricity from coal and hydro power plants. It offers development services to ecology, river basins, thermal power plants, and small hydropower plants. Elektroprivreda Republike provides electric metering, rebates and incentives, outage reporting, energy saving tips, meter reading, energy assistance, online energy audit, power restoration, energy conservation and electrical safety services. The utility serves residential, industrial and commercial customers. It serves its clients across Bosnia and Herzegovina. Elektroprivreda Republike is headquartered in Trebinje, Bosnia and Herzegovina.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.