--- title: "Norinco, Arctech sign equipment deal for solar power plant in BiH" type: "News" locale: "en" url: "https://longbridge.com/en/news/225573024.md" description: "Chinese companies Arctech and Norinco International have signed a supply agreement for a solar power plant in Bosnia and Herzegovina. Arctech will provide its 1P single-axis solar tracking system for a 125 MW project near Stolac. This deal marks a significant milestone for Arctech in the European solar market, where it has operated since 2013. The project is expected to contribute to BiH's potential of 3 GW in photovoltaic capacity by 2030, according to IRENA. Norinco International is also in talks to acquire an 80% stake in Aurora Solar, the firm behind the project." datetime: "2025-01-20T15:17:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/225573024.md) - [en](https://longbridge.com/en/news/225573024.md) - [zh-HK](https://longbridge.com/zh-HK/news/225573024.md) generator: "portal-rs" --- # Norinco, Arctech sign equipment deal for solar power plant in BiH ## Chinese companies Arctech and Norinco International have agreed on the delivery of equipment for a solar power plant in Bosnia and Herzegovina. Arctech has signed a supply agreement with Norinco International to supply its signature 1P single-axis solar tracking system SkyLine II for a 125 MW solar project located near Stolac, BiH. The contractor said the deal marks a significant milestone for it in the European solar power market. > Arctech started its local operations in Europe in 2013 Arctech started operations in Europe in 2013 by setting up a local office in Madrid. In the meantime, it established a service center, regional headquarters, and a research and development (R&D) center in the Spanish capital and opened a warehouse in Valencia. BiH receives an average annual solar radiation of approximately 1,500 kWh per square meter, which is a substantial potential for the development of utility-scale solar projects, according to Arctech. The International Renewable Energy Agency (IRENA) expects the country to have up to 3 GW in photovoltaic generation capacity in 2030, the company added. Norinco International said Arctech has an extensive track record in numerous gigawatt-scale large projects across the globe. It instills confidence in the new partnership, the Chinese utility added. ### In 2024 Norinco started talks to take over the solar project in BiH Photo: Arctech According to media reports in June last year, Norinco International planned to buy an 80% stake in Aurora Solar, a firm in BiH that has been granted a concession to build the 125 MW solar power plant in the Herzegovina-Neretva Canton. Tihomir Nikolić, co-owner and CEO of Aurora Solar, saids negotiations were underway with the Chinese company as well as with other potential investors. Norinco International intended to acquire Aurora Solar through its Hungarian subsidiary. Norinco has built the largest wind farm in Croatia, with a capacity of 156 MW. Norinco International is part of China North Industries Corporation, one of the largest Chinese concerns, operating in 40 countries worldwide. Post Views: 48 ### Related Stocks - [688408.CN](https://longbridge.com/en/quote/688408.CN.md) - [000065.CN](https://longbridge.com/en/quote/000065.CN.md) - [600666.CN](https://longbridge.com/en/quote/600666.CN.md) - [AUR.US](https://longbridge.com/en/quote/AUR.US.md) - [ACB.US](https://longbridge.com/en/quote/ACB.US.md) ## Related News & Research - [US SEC investigating Situational Awareness trades that led to July meltdown, source says](https://longbridge.com/en/news/296829164.md) - [North Sea Crude-WTI weakens on lower offer](https://longbridge.com/en/news/296813963.md) - [HAIER SMARTHOME Interim Net Profit Falls 14.3% YoY to RMB10.316 Billion; No Dividend Declared](https://longbridge.com/en/news/297210281.md) - [Arctic Asset Management raises Nekkar stake to 5.03% from 4.84%](https://longbridge.com/en/news/297032933.md) - [Alibaba’s QwenWork adds Qwen3.8-Flash with a new Standard mode](https://longbridge.com/en/news/297135139.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**