In a significant move to enhance its renewable energy infrastructure, Bosnia and Herzegovina’s upper chamber of Parliament has sanctioned a €103 million loan from the European Investment Bank (EIB) aimed at financing the Poklečani wind farm project. This initiative reflects the country’s commitment to increasing its renewable energy capacity, aligning with broader regional energy policy goals.
The formal agreement has been signed at the state level, with the public utility EP HZHB designated as responsible for the project’s implementation and subsequent loan repayments. This structure underscores the importance of public-private partnerships in advancing energy projects within the Federation.
The financial arrangement features a 25-year repayment period, which includes a five-year grace period before repayments commence. The funds will facilitate the construction of the Poklečani wind farm, strategically located near Posušje in West Herzegovina’s mountainous terrain. This site is expected to be pivotal in harnessing wind energy potential in the region.
Upon completion, the wind farm will comprise 20 turbines with a total installed capacity of 132 MW. It is projected that the facility will generate approximately 437 GWh of electricity annually, thereby making a substantial contribution to Bosnia and Herzegovina’s renewable energy output and reducing reliance on fossil fuels.
This recent financing decision follows an earlier endorsement by the Council of Ministers of Bosnia and Herzegovina, which approved a €42 million grant agreement with the EIB through the Western Balkans Investment Framework (WBIF). This grant further solidifies support for the Poklečani wind project and highlights ongoing efforts to attract international investment in sustainable energy initiatives across Southeast Europe.
