A unit of Czech Southeast Europe-focused renewables investor Woodburn Capital Partners has clinched a deal with government authorities of Bosnia and Herzegovina's Canton 10 to build a 92.5-MW solar park in the Balkan country.
The signing of a concession agreement with Earth Finance was announced by the Canton’s local government on Wednesday.
With the authorisation, Earth Finance will implement the SE Orlovac photovoltaic (PV) project in the Tomislavgrad municipality of southwestern Bosnia and Herzegovina. The developer will be required to pay a one-time concession fee of BAM 20,177 (USD 11,187/EUR 10,316), while it will additionally deliver an annual concession fee in the amount of 1.8% of the total gross income generated by electricity production.
Details about the PV park’s estimated output and an expected dateline for its commissioning were not available.
Canton 10 is one of ten cantons that form the Federation of Bosnia and Herzegovina, one of two autonomous entities that make up Bosnia and Herzegovina.
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