Energy markets weekly: Brent,...

During the fourth week of August, Brent oil futures for the Front Month...

Europe: Electricity prices show...

During the fourth week of August, electricity prices in major European markets showed...

European electricity demand trends:...

During the last week of August, electricity demand rose in most major European...

European solar and wind...

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Bosnia and Herzegovina: Oil refinery Bosanski Brod got its first solar panels

Last month, oil refinery Bosanski Brod announced that it will build four small-scale solar power plants, which should all be commissioned by the end of the year. Oil refinery has started the construction of a solar power plant with installed capacity of 1 MW, worth around a million euros.

It already filed an application to the Energy Regulatory Commission of the Republic of Srpska (RERS) for entering RES support scheme. According to the application, each of the four facilities will have annual electricity generation of 280,000 kWh. The construction of these solar power plants was initially announced in February, when the management of the refinery expressed interest in diversification, by investing in the gasification of the refinery, expansion of the retail fuel network, renewable energy projects and gas-fired electricity generation.

Oil refinery in Bosanski Brod, as well as the refinery in Modrica and Nestro Petrol in Banja Luka are part of Optima Group, majority owned by NeftegazInKor, a subsidiary of the Russian company Zarubezhneft. Oil refinery in Bosanski Brod is out of operation since January 2019 and it is expected to restart production in 2021.

 

 

 

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