Bosnian majority state-owned engineering company Energoinvest has announced a strategic cooperation agreement with Germany’s solar energy equipment supplier, Wattkraft. This partnership aims to enhance Energoinvest’s activities in the renewable energy sector. Mirza Ustamujic, director of Energoinvest, highlighted the benefits of this collaboration in a press release dated September 26.
Ustamujic emphasized that the partnership will facilitate the implementation of new technologies, foster experience exchange, and provide educational opportunities for engineers. Additionally, the agreement positions Energoinvest for a significant presence in the European Union market, particularly in Germany, Italy, Spain, Portugal, Belgium, the Netherlands, and Luxembourg. The Federation entity holds a 67% stake in Energoinvest, further solidifying its commitment to advancing renewable energy initiatives.