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

Fortis Energy and EBRD Join Forces for a Major Solar Project in Serbia

In an ambitious move towards renewable energy development, Fortis Renewable Energy BV has signed a mandate letter with the European Bank for Reconstruction and Development (EBRD) to pave the way for an impressive photovoltaic and battery storage project in Sremska Mitrovica, Serbia. This venture, with a capacity of 342 MW (270 MWp/72 MWh), is set to revolutionize the region's energy landscape, marking a crucial step in enhancing Serbia's energy security while promoting sustainability.

Project Overview

The proposed project will be the largest photovoltaic installation in Serbia and one of the most significant in the Western Balkans. By facilitating the generation of renewable energy, it supports Serbia’s decarbonization goals and aligns with broader European climate and energy policies. The partnership with EBRD is particularly noteworthy; it will help secure structured financing necessary for the long-term development of this green infrastructure.

The site in Sremska Mitrovica, located about 80 kilometers northwest of Belgrade, is not just strategically important from an energy perspective— it is historically significant, formerly the hub of the Roman Empire. With this project, the city is poised to embark on a new chapter, integrating its rich history with modern advancements in clean energy.

Environmental Impact

Once operational, the solar facility is expected to produce over 365 GWh of clean electricity annually. This output would adequately supply over 105,000 households each year, significantly reducing carbon emissions by approximately 182,000 tons—equivalent to the positive environmental impact of planting nearly nine million trees every year.

Such an impactful project signifies not only an advancement in Serbia's energy capabilities but also exemplifies the international standards for sustainability and environmental responsibility. Fortis Energy emphasizes that large-scale solar energy is viable in Southeast Europe, proving its bankability and adherence to global sustainability benchmarks.

Timeline and Future Developments

The construction of this ambitious project is slated to commence in the third quarter of 2026, with the commissioning expected in the first quarter of 2028. Fortis Energy, headquartered in the Netherlands and with regional offices in Istanbul and Belgrade, aims to become a leading global independent power producer (IPP) focused on green energy.

Currently, the company operates over 200 MW of renewable assets and anticipates advancing over 500 MW in new investments over the next couple of years. This initiative showcases Fortis’s commitment to integrating solar and wind energy into sustainable infrastructure throughout Europe.

Conclusion

The collaboration between Fortis Renewable Energy and the EBRD highlights a significant investment in Serbia's energy future. With this project, Sremska Mitrovica is set to become a leading center for renewable energy in the Balkans, providing a robust example of how historical cities can evolve to embrace modern, sustainable solutions. This monumental leap in energy production and storage represents a dedicated effort towards a greener and more economically stable future for Serbia.

For more updates and information on this project, please contact Fortis Energy's media representative, Hüseyin Dönmez, at [email protected]