In addition to signing a long-term lease for land in Romania to build a solar power plant, the Israeli company BIG Energia Holdings won a bid to build a wind and solar power project in Bilea, Bosnia and Herzegovina, BNE Intellinews reported, citing Balkan Energy News.
Hungary-registered The Israeli company BIG Retail Centers, which owns the AFI shopping centers in Romania, includes BIG Energia Holdings. It seeks to finance green energy projects and establish itself as a major player in renewable energy in Eastern Europe and the Balkans.
Yossi Edelstein, the CEO of the company’s European operations, stated that during the course of the previous year, it purchased projects totaling 500 MW, representing investments of €520 million. 1.4 GW worth of projects are now being managed by it. In 2023, part of the project’s construction is expected to start.
Through a local business and cooperation with Israel’s Mega Or Holdings, BIG Energia Holdings will build the wind and solar project in Bosnia.
It is intended to construct the power plant on state-owned property. Along with a 40 MW wind farm, it will include an 80 MW solar park. It will cost about €108 million to develop and build.
After deducting the costs paid to the electrical grid operator, it predicts that total power sales income will amount to €14.6 million in the first year of operation (based on a sale price of €60 per MWh). A yearly total Ebitda of about €13 million is projected.
In addition to another wind farm (97MW, €78-80 million investment) that is slated for Romania, a new solar project costing €26 million is also being developed there.
In order to build a solar facility, BIG Energia Holdings has entered into a long-term land leasing arrangement through a Romanian firm it owns. An estimated €26 million will be spent on development and construction. With a 25-year extension option, the deal has a 35-year duration.
After deducting payments to the power grid and using a sales price of €60 per MWh, the business anticipates total revenues of about €3.5 million in the first year of operation. A yearly total of €3 million is projected for Ebitda.
A 40 MW installed capacity is anticipated for the solar farm south of Roşiori and Troianul in Romania.
