The Republic of Srpska has over 200 registered thermal, thermo-mineral and low-radioactive sources of healing waters. The energy potential of geothermal waters is estimated at 1260 PJ. The energy value of biomass in the Republic of Srpska is estimated at 46 PJ, most of which is biomass suitable for combustion, and then biomass suitable for the production of biogas from municipal waste, livestock and energy crops. The wind energy efficiency coefficient is 30% higher than the EU average. The average annual solar radiation of the horizontal surface in the Republic of Srpska ranges from 1.25 MWh / m2 for the northern parts to 1.55 MWh / m2 for the southern parts and is above the European average.
There are numerous investment opportunities in the renewable energy sector:
– Construction of several larger hydropower plants – In view of construction of hydropower facilities, the most interesting is the river basin of the river Drina, whose basin represents the most significant untapped hydro potential in the Balkans.
– Use of geothermal waters – The presence of geothermal waters is greatest in the area of Posavina, Semberija, Banja Luka valley and Lijevče polje. The greatest potential for the use of this energy source is in aquaculture, agriculture, and for heating settlements.
– Wind farms – The technically usable potential of wind farms is about 640 MW or 1200 GWh of electricity produced per year. The southeastern part of the Republic of Srpska is the most suitable for the construction of wind farms
– Application of solar energy – installation of solar collectors and construction of solar power plants with photovoltaic cells. The highest irradiation of the sun is in Herzegovina with an of average of 1570 kWh / m2.
Opportunities to invest in the renewable energy sector are numerous, but still insufficiently explored and exploited.