The energy landscape in Bosnia and Herzegovina is witnessing a significant shift as the state-owned utility EPBiH progresses with a substantial solar initiative in Gračanica. The company has initiated a tender for consultancy services aimed at overseeing the development of this solar project, which is estimated to cost around 39 million euros. This move is supported by the European Bank for Reconstruction and Development (EBRD), indicating a strong commitment to renewable energy investments in the region.
This upcoming solar project will consist of two adjacent solar power plants with a total capacity of 50 MW, strategically located in the village of Gracanica within the Bugojno municipality. The site, which previously served coal mining operations, has undergone rehabilitation, showcasing a proactive approach to land repurposing for sustainable energy production.
The financial backing for this project has been secured, with the EBRD approving a loan of 25 million euros in August 2024. Additionally, UniCredit Bank is contributing 15 million euros through a parallel financing arrangement, further solidifying the project’s financial foundation.
This initiative marks one of the initial steps toward utility-scale solar development by EPBiH as it aligns its investment strategy with broader decarbonization goals. The launch of this consultancy tender is a crucial step in ensuring that the project adheres to necessary engineering and supervisory standards, thereby enhancing its operational viability.
<pAs Bosnia and Herzegovina navigates its energy transition, projects like this one are pivotal in establishing a diversified energy portfolio while reducing dependency on fossil fuels. The focus on renewable energy sources reflects a growing recognition of their importance in achieving long-term sustainability and energy security within the region.
