Fortis Energy buys solar and storage project in Serbia

July 30, 2024
LinkedIn
Twitter
Reddit
Facebook
Email

Turkey-based developer and IPP Fortis Energy has acquired a solar and battery energy storage system (BESS) project in Serbia.

The company plans to begin construction at the project, in Sremska Mitrovica, west of Belgrade, in 2025. The solar PV will total 180MW while the BESS facility will have a capacity of 36MWh, making the project one of the largest solar-plus-storage projects in south-east Europe, according to Fortis.

The majority of the company’s portfolio is in operation in its home country, but Fortis has sought to expand its offerings in other countries in recent years. The company currently has three solar-plus-storage projects under development in Serbia, with a combined solar generation capacity of 600MW, alongside three solar-plus-wind projects in the south of the country. Fortis now has close to 2GW of new renewable power capacity under development in Albania, Serbia and North Macedonia.

The deal is the latest encouraging development for the eastern European renewable power sector. Earlier this year, figures from Ember demonstrated that clean power generation exceeded that of coal in Central and Eastern Europe for the first time, and the continued investment into renewable power facilities will only continue to expand the sector.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

Not ready to commit yet?
  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Read Next

October 29, 2025
IPPs Greenvolt and European Energy have finalised financial deals for solar-plus-storage projects in Denmark and Latvia, while Olana and Energix have enlisted optimisers for BESS projects in Lithuania and Poland, respectively.
October 28, 2025
Finnish marine and energy technology group Wärtsilä will deliver what it claims is Australia’s largest DC-coupled hybrid battery energy storage system (BESS) for the National Electricity Market (NEM).
October 27, 2025
The Emirati state-owned renewables developer Masdar has begun construction on a giant solar-plus-storage project in Abu Dhabi.
October 23, 2025
A pension fund will join the EBRD and EU Modernisation Fund in investing around €16 million (US$18.5 million) in a project on Croatia pairing large-scale BESS and a VPP.
October 20, 2025
Production has begun at a battery energy storage system (BESS) factory designated as a project of strategic importance by the European Commission (EC) due to its use of local supply chains.

Most Popular

Email Newsletter