Exploring further opportunities in Western Balkans
As a leading investor and co-developer in renewables in SE Europe, Greenstat is pleased to see that the construction of Petnjik solar plant, Bosnia-Herzegovina's largest PV plant, is progressing ahead of schedule.
A close-up of Petnjik power plant.
Published: May 5, 2023 at 12:00 PM
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.
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.
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.
