#Arctech #Solar Tracker #Bosnia #Bosnia and Herzegovina #Stolac

Arctech's New Milestone in the European Solar Market

In a significant development for both Arctech and the European solar market, the company recently announced its partnership with NORINCO International to supply its innovative single-axis solar tracking system, SkyLine II, for a substantial 125 MW solar project near the town of Stolac in Bosnia and Herzegovina (BiH). This agreement showcases Arctech's commitment to enhancing renewable energy solutions across the continent, particularly in regions with abundant solar potential.

A Promising Market for Solar Energy

Bosnia and Herzegovina, located in Southeastern Europe, presents favorable conditions for solar energy generation, receiving an average annual solar radiation of around 1,500 kWh/m². According to the International Renewable Energy Agency (IRENA), the country is poised to develop a significant photovoltaic power generation capacity, with projections indicating a potential reach of up to 3 GW by 2030. This growth is supported by the local government's proactive policies, including the Bosnia and Herzegovina Energy Framework Strategy 2035, which aims to significantly increase the share of renewable energy in the national power grid.

Arctech's European Expansion

Arctech's entry into the European market dates back to 2013, when it opened its first office in Madrid, Spain. Since then, the company has strengthened its presence in the region by establishing a regional headquarters, a research and development center, and a service center in Madrid, along with a logistics hub in Valencia. The inauguration of its new European headquarters in November 2024 marks a pivotal moment in Arctech's strategic expansion efforts in Europe.

With a customer-centric approach, Arctech has developed a comprehensive local service system that addresses the entire lifecycle of solar projects. This system includes design solutions, service support, delivery assurances, and operations and maintenance (O&M) services. These initiatives not only facilitate timely project completions but also contribute significantly to the region's transition towards sustainable energy practices.

A Trustworthy Partnership

During the discussions regarding this collaboration, NORINCO International expressed confidence in partnering with Arctech, citing the company's innovative products and exception service capabilities. With an impressive portfolio that includes numerous large-scale projects across the globe, Arctech’s reputation as a leader in solar tracking solutions is well-established.

The local project starts a new chapter for both companies, allowing them to leverage their strengths in the growing European renewable energy market. By choosing Arctech's advanced SkyLine II system, they aim to enhance solar efficiency, maximizing energy output while promoting sustainable practices.

It’s evident that this agreement is not just a business transaction; it represents a shared vision for a more sustainable future, aligning with global efforts to combat climate change through increased utilization of environmentally friendly energy sources.

Conclusion

Arctech's entry into Bosnia and Herzegovina with this substantial 125 MW solar project paves the way for future endeavors in the European market. As the region continues to embrace renewable energy, Arctech's innovative solutions and robust service network will be vital in meeting the growing demand for clean energy solutions. With a keen eye on sustainability and innovation, Arctech is poised to play a significant role in reshaping the energy landscape across Europe.