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

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%

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