Tracker Firm Arctech Secures 125MW Solar Project in Bosnia & Herzegovina

Arctech Secures 125MW Solar Project in Bosnia & Herzegovina, Enters EU Market

Arctech, a solar tracking and racking solutions provider, recently signed a supply agreement with NORINCO International, part of China North Industries Corporation. Under this agreement, Arctech would supply its 1P single-axis solar tracking system SkyLine II for a 125 MW solar project. The project is located near Stolac, Bosnia and Herzegovina (BiH), marking a milestone for Arctech in the European solar market.

Bosnia and Herzegovina, situated in Southeastern Europe, receives an average annual solar radiation of approximately 1,500 kWh/m2, offering substantial potential for the development of utility-scale solar projects. According to the International Renewable Energy Agency (IRENA), the country is projected to have a photovoltaic power generation potential of up to 3 GW by 2030. In recent years, the local government has rolled out a comprehensive suite of policies, with the Bosnia and Herzegovina Energy Framework Strategy 2035 setting clear targets for the share of renewable energy in the national power generation mix.

Arctech started its local operations in Europe as early as 2013 by setting up a local office in Madrid, Spain. To better integrate into the European community, Arctech has since established a service center, regional headquarters, and R&D center in Madrid, Spain, along with a warehouse in Valencia, Spain.

In November 2024, the company inaugurated its new European headquarters in Madrid. The win in Europe marks further progress for the firm as it seeks markets outside China. Arctech has a strong presence in India as well, and with stiff competition in the US markets where Nextracker dominates, Europe has been a key area to focus on. Solar trackers, with their application on large utility scale projects find a ready market in European utility scale projects that seek to maximise the relatively  lower irradiance in most of the EU versus, say, India.

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