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    Interenergo Acquires Ivan Sedlo Wind Farm in Bosnia and Herzegovina from Suzlon Energy


    November 17, 2022 - Marketline - Deals

     

      Deal In Brief

      Interenergo, a subsidiary of Austrian energy company Kelag, has acquired the Ivan Sedlo wind farm project, which is being built not far from Sarajevo in Bosnia and Herzegovina from Suzlon Energy BH. The total installed capacity of the project will be 25 MW

      The value of the Ivan Sedlo project is EUR40.6 million, and the wind farm is expected to produce enough electricity to supply more than 26,000 households, said Interenergo. The investment per MW will be USD1.6 million

      The construction of the Ivan Sedlo wind farm started at the end of September after more than six years of preparation. The developer, Suzlon Energy BH expect the project to be completed in 18 months

      Interenergo said the takeover agreement was concluded in late October. The wind farm will have five wind turbines of 25 MW in total, while the expected annual production is 65.7 GWh. The power plant is scheduled to come online in 2025

      The investment in the Ivan Sedlo wind farm will increase the total installed capacity of all Interenergo renewable projects in Bosnia and Herzegovina to 43 MW. The portfolio mainly consists of small hydropower plants (SHPPs), and in 2021 the firm took over a 60% stake in the company Vjetroelektrane Cardakov.

      Deal Type Acquisition
      Sub-Category Asset Purchase
      Deal Status Completed: 2022-11-10

      Deal Participants

      Acquirer (Company) Interenergo d.o.o.
      Vendor (Company) Suzlon Wind Energy BH Doo

      Deal Rationale

      % Acquisition 100%

      (Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Marketline shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon.)

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