#Serbia #EBRD #Solar Project #Fortis Energy #Sremska Mitrovica

Fortis Energy Teams Up with EBRD for Solar Project in Serbia

On February 19, 2026, Fortis Renewable Energy BV and the European Bank for Reconstruction and Development (EBRD) announced a pivotal mandate for funding a major solar photovoltaic (PV) power plant in Sremska Mitrovica, Serbia, boasting a capacity of 270 MWp and accompanied by a 72 MWh battery energy storage system (BESS). This agreement marks a critical step in the structured financing process toward securing long-term loans for the project.

Sremska Mitrovica, located approximately 80 kilometers northwest of Belgrade, is set to become home to one of the largest solar power facilities in Serbia and the western Balkans. The initiative is not only ambitious in scale but also plays a crucial role in enhancing Serbia's energy security, supporting decarbonization goals, and facilitating the regional alignment with European climate and energy policies.

According to Fortis Energy, once operational, this project will contribute significantly to the national electricity grid through a substantial capacity of renewable energy. It aims to bolster long-term energy security while simultaneously aiding regional decarbonization initiatives, thus serving as vital infrastructure within Europe’s Green Transition.

Furthermore, this project symbolizes a key achievement in proving that large-scale solar projects in Southeast Europe can meet international environmental and social standards. Fortis Energy emphasizes the value of its partnership with the EBRD, noting the bank’s ongoing role in backing sustainable infrastructures across the western Balkans by mobilizing private capital and promoting market stability in the green transition.

This venture is pivotal not only for Serbia but also serves as a model for similar undertakings in the region, demonstrating the viability of renewable energy solutions. The anticipated annual output of this solar installation will be over 365 GWh of clean energy, sufficient to power more than 105,000 households each year, while preventing approximately 182,000 tons of CO₂ emissions—akin to planting almost 9 million trees annually.

Construction is slated to commence in the third quarter of 2026, with the project expected to become operational in the first quarter of 2028. Fortis Energy, a Turkish company with headquarters in the Netherlands, aims to establish itself as a global Green Baseload Independent Power Producer (IPP) focused on integrating solar, wind, energy storage, and sustainable infrastructure across Europe. Currently, the company oversees over 200 MW of renewable energy installations and is pushing forward with new investments exceeding 500 MW planned for 2026 and 2027.

The historical significance of Sremska Mitrovica, built upon the ancient Roman city of Sirmium, sets a promising backdrop as it prepares to embrace the future of clean energy. As one of Serbia’s historically important locations, it stands to emerge as a modern hub for sustainable growth, marrying its rich cultural heritage with the imperatives of contemporary energy solutions. This solar initiative not only reinforces national energy security but also aligns with the region's broader goals of sustainable development, marking a defining moment in Serbia's transformation towards a greener future.

For further details, media inquiries can be directed to Hüseyin Dönmez at [info email].