Bosnia solar plant marks a major leap in renewable energy
Bosnia and Herzegovina has embarked on a transformative journey toward renewable energy by initiating the construction of a 125 MW solar plant, with plans to amplify the project to 220 MW. Slated to commence operations in 2025, this solar plant is poised to become the largest in the country, marking a significant milestone in Bosnia and Herzegovina’s sustainable energy landscape.
Expanding capacity of the Bosnia solar plant
Bosnia and Herzegovina (BIH) is making substantial strides in renewable energy, underscored by the groundbreaking of the largest solar power plant in the nation. Located in Livno, a city in the southwestern part of Bosnia and Herzegovina, the 125 MW solar plant symbolizes the country’s commitment to clean energy. The groundbreaking ceremony on October 8, 2024, heralds a project anticipated to redefine the country’s energy framework.
The construction is spearheaded by MT-KOMEX d.o.o., a Serbian company, while the project development is overseen by the local firm BGT Solar. The first phase aims for completion by spring 2025, with the second phase concluding by the year’s end. Once fully operational, the plant is expected to generate 185 GWh of electricity annually.
The project’s division into two phases involves an initial 125 MW solar capacity installation, followed by an additional 95 MW extension. This expansion will culminate in a total capacity of 220 MW, positioning it as one of the region’s most significant solar power facilities.
Dragan Čović, the Croat member of Bosnia and Herzegovina’s tripartite presidency, attended the ceremony, expressing confidence in the project’s potential to invigorate the local economy. He emphasized the dual benefits of reliable, clean energy and job creation, fostering economic growth in the Livno region.
Growth of solar power through the Bosnia solar plant
Bosnia and Herzegovina is advancing in its renewable energy sector, with a solar capacity of approximately 300 MW, as reported by the International Renewable Energy Agency (IRENA). However, the solar power development has encountered challenges, notably in regulatory frameworks and investment incentives.
In 2021, Bosnia and Herzegovina’s government enacted a new law to propel renewable energy projects, featuring feed-in tariffs that assure fixed prices for electricity from renewable sources. This initiative has spurred increased investment, leading to several new solar projects being announced recently.
Investment surge driven by the Bosnia solar plant
The 125 MW solar plant is integral to Bosnia and Herzegovina’s broader strategy to diversify its energy mix and minimize fossil fuel dependence. The nation aspires to generate 40% of its electricity from renewable sources by 2030. Besides solar power, Bosnia and Herzegovina is also investing in wind and hydropower projects.
The government has pinpointed regions with high solar energy potential, including Livno, the site of the new plant. The region’s ample sunlight throughout the year makes it an ideal location for solar power generation.
The Livno solar plant is pivotal in helping Bosnia and Herzegovina achieve its renewable energy targets. The plant’s electricity will feed into the national grid, providing clean, reliable power to households and businesses nationwide.
Economic and environmental benefits of the Bosnia solar plant
The solar plant’s construction is anticipated to positively impact the local economy by creating jobs in construction and manufacturing. Once operational, the plant will offer long-term employment opportunities for maintenance and operational staff.
Environmentally, the solar plant is expected to significantly impact by reducing reliance on fossil fuels, thus lowering greenhouse gas emissions and contributing to global climate change mitigation efforts.
The project has garnered support from international organizations, including the European Bank for Reconstruction and Development (EBRD), which has financed renewable energy projects in Bosnia and Herzegovina.
The groundbreaking of the 125 MW solar plant signifies a pivotal step in Bosnia and Herzegovina’s renewable energy journey. As the country continues its investment in clean energy, it is set to play an increasingly critical role in the regional energy market and contribute to the global shift toward a sustainable, low-carbon future.
