More than 30’000 panels are already installed, and the plant is well underway to reach COD as planned in Q3 2023.
We are extremely pleased with the progress of the Petnjik power plant, and are looking forward to continuing our efforts in making green happen in Bosnia-Herzegovina together with our partners GP Toming, says Business developer Ketil Strøm-Larsen.

Ketil Stroem Larsen presenting for the audience in Neum 2BiH.jpg — Ketil Strøm Larsen presenting for the audience in Neum BiH. Photo: NBBA.

The Petnjik PV plant, consisting of a total of 68182 panels, totaling 50 MWp, will produce appr. 65 GWh when completed, and is the first of a pipeline of several projects Greenstat is aiming to co-own and operate in Bosnia-Herzegovina and the western Balkans.

Gudmund Sydness and Ketil Størm Larsen in discussions with energy developers and investors in Tirana, Albania.jpg — Gudmund Sydness and Ketil Strøm Larsen in discussions with energy developers and investors in Tirana, Albania. Photo: NORWEP.

Southeast Europe and the western Balkans is a strategic region for Greenstat, as the region is aiming to increase its renewable production capacity from wind and solar significantly in the next decade. Making efforts to further familiarize ourselves with the regulatory framework in the region, and connecting with local developers is a priority for Greenstat. We were therefore pleased to participate in the Norwegian Energy partners' roadshow to the western Balkans that was arranged in the last week of April 2023.

In cooperation with the Norwegian embassies in the region, and together with other Norwegian renewable investors and developers, Greenstat has met Government representatives, regulators and local developers and investors in Albania, Montenegro and Bosnia-Herzegovina over a four-day period. The extensive program also included field trips to Statkrafts hydro projects in Albania, which also covered the 2 MW floating solar plant on the dam, designed by Ocean Sun.

Greenstat was represented by Ketil Strøm-Larsen, who is leading the business development work in the region, and by Head of Wind Gudmund Sydness.

Participating in this event has provided great insights into the regulatory and political situation in the countries, and we were able to have B2B meetings with several regional developers and investors in all three countries. A big thanks to NORWEP and the Norwegian embassies for making the effort to facilitate the events in Tirana, Tivat and Neum says Head of Wind Gudmund Sydness.

Ketil Stroem Larsen at the Statkraft Devall hydro power plant in ALbania. Also visible is the 2 MW floating solar installation designed by Ocean sun.jpg — Ketil Strøm Larsen at the Statkraft Devall hydropower plant in Albania. Also visible is the 2 MW floating solar installation designed by Ocean sun. Photo: Private.

Listening in on regulators in Neum - Bosnia Herzegovina.jpg — Listening in on regulators in Neum - Bosnia-Herzegovina. Photo: NBBA.

Gudmund Sydness in conversation with Enea Karakaci, General director for Energy and Industry in the Ministry of Energy, Albania.jpg — Gudmund Sydness in conversation with Enea Karakaci, General Director for Energy and Industry in the Ministry of Energy, Albania. Photo: NORWEP.

Board Members

Bernt Skeie

Birgit Liodden

Tom Georg Olsen

Knut Nyborg

Irene Kristiansen

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