Clean Energy Investments Storms to a New Record

Clean Energy Investments Storms to a New Record

According to the Bloomberg’s research, 2010 was a record year of renewable energy investments. These investments exceeding 243 billion U.S. dollars and most of them were Chinese investments in renewable energy and European off-shore wind farms. A significant increase in small solar power plants across the European Union has been noted. Compared with the previous year, investments in

According to the Bloomberg’s research, 2010 was a record year of renewable energy investments.

These investments exceeding 243 billion U.S. dollars and most of them were Chinese investments in renewable energy and European off-shore wind farms. A significant increase in small solar power plants across the European Union has been noted. Compared with the previous year, investments in renewable energy sources have increased by 30%, while compared to 2004; the investments grew fivefold.

Despite the huge capacity of renewable energy sources (RES), in Bosnia and Herzegovina investing in renewable energy does not follow the global trends. After a period of increased interest and investment in small hydropower plants, with the economic crisis further development of these infrastructure projects have been stopped. The Regulatory Commission for Electricity in Federation of Bosnia and Herzegovina (FERK) has issued 22 licenses and 10 preliminary permits for the construction of small hydropower plants.

Regulatory Commission for Energy of the Republic of Serbian approved 7 licenses to produce electricity from small hydropower plants. It is important to note that this is the total number of approved licenses from the regulatory commissions of the entity. This is telling us that investors did not seek permission for the production of electricity from other renewable energy sources. An exception is the previous construction permits issued by FERK for a small wind farm “MoÅ¡tre 1″ in Visoko. Under FERK regulations, any facility that produces electricity, including plants that produce energy for their own purposes, must obtain
permission from the Regulatory Commission; furthermore, according to FERK records there was no interest in building solar power plants, or biomass.

This situation is a direct result of bad legislation in this area. Regulation on the use of renewable energy and cogeneration was adopted in mid last year in the Federal Parliament (Official Gazette of BiH no. 36/10) regulates the so-called feed-in tariffs for renewable energy, increasing the profitability of investments in renewable energy sources. However, this regulation is not implemented in practice, which inhibits further development of this sector.

Centre for Education and Raising Awareness of Energy Efficiency – Energis, in collaboration with partners, will at the upcoming EU Sustainable Energy Week, that will be held in Sarajevo on 11 and 12 April, introduce some of the technologies that use renewable sources and thus re-present the potentials of Bosnia and Herzegovina in this area, considering that until the government is not realistic to expect implementation of this Regulation.

Renewable Energy Projects in Bosnia and Herzegovina

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