KfW loan for 48MW Bosnia wind farm
Germany’s KfW Banks has advanced a €65m ($88.7m) loan to finance construction of a 48MW wind farm in Bosnia-Herzegovina.
The finance goes to local utility EBiH for its 16-turbine Podvelezje wind farm, being built about 760 metres above sea level on the plateau of the same name for a total cost of €71.8m.
The 15-year loan, with a three year grace period, comes under a co-operation deal between the German and Bosnian governments.
Bosnia has a handful of wind farms under construction, but is still heavily dependent on hydro and thermal generation for its power supplies.