Despite facing numerous challenges, including difficult terrain and rising material costs, the Ivovik wind farm project in Bosnia and Herzegovina (BiH) has entered its final phase and is poised to make a significant contribution to the country’s renewable energy supply.
After receiving the operational permit, the first turbines of the wind farm have begun generating electricity. A trial operation is currently underway, marking an essential step in the process of commissioning the wind farm. During this trial period, each turbine will go through a phased startup process, with detailed performance evaluations to ensure the full integration of the wind farm into the national electricity grid.
Located near the cities of Livno and Tomislavgrad, the Ivovik wind farm will add 84 MW to Bosnia’s renewable energy portfolio. The project is ambitiously expected to provide clean electricity to 100,000 households. With an annual production goal of 259 GWh, it will remain the largest wind energy project in BiH.
The wind farm will consist of 20 turbines, each with a capacity of 4.2 MW, totaling 84 MW. The project is estimated to cost around 68 million euros. In September 2022, following the approval by the Herzeg-Bosnia Canton Government for Sinohydro Holding, a subsidiary of Chinese Powerchina Resources, to sell its 51% stake in the company overseeing the construction and operation of the Ivovik wind farm, the share was acquired by Luxembourg-based Ivovik Wind Power.
The current capital structure of the project company, VE Ivovik, is as follows: Chinese CNTIC Capital Co. holds a 39% stake, while Ivovik Wind Power owns 61%.
