The European Bank for Reconstruction and Development (EBRD) plans to provide €50 million in financing to support the development, construction, and operation of eight new solar power plants across the Federation of Bosnia and Herzegovina (FBiH). These plants will have a combined installed capacity of 85 MW. The loan will be extended to the state-owned utility EPBiH, with final approval expected by July 23, 2025.
The solar projects will be located in Zivinice, Mostar, and Breza, many on former coal mining sites that have undergone environmental rehabilitation. The total capital expenditure is estimated at €80.8 million, with the EBRD loan covering advisory and administrative costs. Additional funding will come from a commercial bank via a parallel lending arrangement.
Financing will be delivered in two stages: The first tranche will support three solar farms—Gornja Breza, Visca, and Podvelezje—totaling 28 MW. The second tranche will fund five more projects—Bedrok 1, 2, 3, Banovici Selo, and Potocari—adding 57 MW.
EPBiH supplies electricity to roughly half of Bosnia and Herzegovina’s population, relying mostly on hydropower and coal-fired plants. This is EPBiH’s second major solar initiative, following a €25.1 million loan approved last year for a 50 MW solar complex in Gracanica, further supporting the company’s shift toward renewables and the country’s energy transition.
