Bosnia’s Foreign Investment Promotion Agency said it has successfully pitched the municipality of Grude to Norwegian renewables developer Greenstat.
Bosnia’s Foreign Investment Promotion Agency (Fipa) said last week that the Bergen-based developer has started working on the 45 MW Petjnik solar plant. Fipa said construction will begin in June, with panels to be installed from the first quarter of 2023. The site will be commissioned at the end of 2023.
Fipa said civil engineer GP Toming, based in Grude municipality, is working on the project with Greenstat. The government agency said the Norwegian business had been scouring Europe for 12 months before settling on Grude. It also described the project as “Greenstat’s first international investment,” but the Norwegian group actually owns a green hydrogen business in India.
The International Renewable Energy Agency (IRENA) estimates that Bosnia and Herzegovina had 53 MW of grid-connected solar capacity at the end of 2021.