COLENCO Takes Center Stage at The Power of Sustainability Forum 2023 in Mostar

COLENCO, a leading Consulting company in the renewable energy sector, made a significant impact at The Power of Sustainability Forum 2023, a prestigious event focused on sustainable development in the Western Balkans region. The forum, which took place from September 21st to 22nd, 2023, in Mostar, Bosnia and Herzegovina, attracted prominent figures and experts from across Southeast Europe, the EU, and the United States.

This two-day forum, organized with the support of the Council of Foreign Investors in Bosnia and Herzegovina (BiH) and the Technological Park “Intera” aimed to foster collaboration, share experiences, and promote sustainable practices across the region. The event covered a wide range of topics, including green energy investments, circular economy applications, ESG standards, sustainable tourism and e-mobility as separate panel session.

COLENCO was prominently represented at the forum, with CEO Nikola Bitrak participating in a high-profile panel discussion on “Investment in Green Energy.” Mr. Bitrak delivered a compelling speech that emphasized the growing importance of integrating renewable energy sources, such as wind and solar, for environmental sustainability and energy independence.

Key conclusions from Mr. Bitrak’s speech included:

• The significance of accelerating efforts to integrate renewable energy sources in Southeast Europe.
• The challenges posed by the limited capacity of existing transmission and distribution networks in handling renewable energy generation.
• The importance of cross-border collaboration and interconnected grids to address these challenges and optimize resource utilization.
• The essential role of technological advancements, such as smart grids and energy storage solutions, in enhancing grid reliability and flexibility.
• A stable and supportive regulatory framework is necessary to encourage private sector investments in renewable energy projects and grid upgrades.

Mr. Bitrak also discussed measures to mitigate risks associated with renewable energy integration, such as investment in grid infrastructure, diversification of energy sources, grid modernization, regional cooperation, and incentives for renewable energy projects.

COLENCO’s Commitment to a Sustainable Energy Future
On the sidelines of the forum, COLENCO representatives engaged in various meetings with investment companies and the Mayor of Mostar to explore opportunities for advancing sustainable energy initiatives in the region. These discussions underscore COLENCO’s commitment to driving positive change and contributing to a sustainable and resilient energy future.
COLENCO’s participation in The Power of Sustainability Forum 2023 reflects its dedication to promoting renewable energy solutions, fostering collaboration, and addressing the challenges of sustainable energy integration in Bosnia and Herzegovina and Southeast Europe.
As the world transitions to cleaner and more sustainable energy sources, COLENCO continues to lead the way with innovative solutions and a vision for a greener, more sustainable future.