Germany-based renewable project developer wpd has agreed to build two wind farms in western Bosnia, Reuters has reported.
The two wind facilities are worth a total of €300m ($299.7m) and comprise the first part of a €1.5bn ($1.49bn) project, according to a German embassy statement.
They are planned to be developed in Glamoc and Bosansko Grahovo towns, which are located in Bosnia’s autonomous Bosniak-Croat Federation.
The entire project will include the construction of two more wind farms in the nearby town of Livno, forming a wind park that would generate 1GW of green electricity.
An agreement to build the initial two wind projects was recently signed between Ivan Vukadin, Prime Minister of the Federation’s Canton 10 region, and wpd development manager Andreas Chollet.
Last year, a group of Chinese companies agreed to build an 84MW wind farm near the town of Tomislavgrad with a €100m investment.
The wind farm has an annual power generation capacity of 236.6GWh and is said to be the largest in Bosnia.
Bosnia is understood to be the Western Balkans’ largest electricity exporter, with these exports accounting for 20% of its gross domestic product (GDP).
The country currently produces electricity from coal and hydro resources and aims to increase the share of renewables in its electricity generation capacity.
In July this year, wpd offshore Australia Holding entered a joint venture with Australis Energy to develop three offshore wind energy projects off the coast of Australia.
With a combined capacity of 1.4GW, the three projects will be developed in the coastal waters of Victoria, South Australia and the Western Australia states.
Australis has begun work on these three projects and completed their first two phases, with wpd Group’s Australian subsidiary due to assist in completing the third phase.