Serbia’s Largest Solar Plant: Fortis Energy Secures EBRD Mandate
Serbia is poised for a significant leap in its renewable energy journey. Fortis Renewable Energy has officially signed a mandate letter with the European Bank for Reconstruction and Development (EBRD) to explore financing for a groundbreaking solar and energy storage project in Sremska Mitrovica. This development marks a pivotal moment for the nation’s energy sector, setting the stage for the construction of what will be Serbia’s largest solar power facility.
A Landmark Project: The Serbia solar plant in the Western Balkans
The Sremska Mitrovica project is not just a national milestone; it is set to be one of the largest of its kind in the entire Western Balkans. The facility, located approximately 80 kilometers northwest of Belgrade, will feature a 270 MWp (megawatt peak) solar photovoltaic (PV) plant integrated with a 72 MWh battery energy storage system (BESS).
This combination of solar generation and battery storage is crucial for a modern, stable power grid. The battery system will ensure a more reliable energy supply, storing excess power generated during peak sunlight and releasing it when needed, helping to balance the grid and overcome the intermittency of solar power.
Once operational, the plant is expected to generate over 365 gigawatt-hours (GWh) of clean electricity annually. This is enough to power more than 105,000 households and will play a substantial role in reducing the country’s carbon footprint by avoiding an estimated 182,000 tonnes of COâ‚‚ emissions each year.
Financing and Project Timeline for the Serbia solar plant
The mandate letter signed with the EBRD is the first formal step in securing long-term debt for the project. It initiates a comprehensive due diligence and structured financing process, signaling strong institutional confidence in the project’s viability and importance.
The timeline for the project is ambitious and clear:
* Construction Start: Third quarter of 2026
* Commissioning: First quarter of 2028
This schedule positions the Sremska Mitrovica plant to contribute to Serbia’s energy goals within the next few years.
The Driving Force: Fortis Renewable Energy and the Serbia solar plant
Fortis Renewable Energy, a company headquartered in the Netherlands with origins in Türkiye, is spearheading this initiative. With over 200 MW of renewable energy assets already in operation and an additional 500 MW of projects planned for 2026–2027, Fortis is rapidly expanding its footprint. The company’s vision is to become a global green baseload independent power producer by integrating solar, wind, and storage technologies across Europe.
Strategic Significance for Serbia’s Energy Future: The Serbia solar plant
The Sremska Mitrovica project is more than just a power plant; it’s a strategic asset for Serbia. It directly supports the nation’s decarbonization objectives, enhances energy security by diversifying the energy mix, and accelerates the country’s alignment with European climate and energy policies.
Furthermore, this project serves as a powerful demonstration of the bankability of large-scale renewable projects in Southeast Europe. By adhering to high international environmental and social sustainability standards, it sets a new benchmark for future green energy developments in the region, encouraging further investment and innovation. As Serbia and its neighbors continue their transition to cleaner energy sources, the Sremska Mitrovica solar plant will stand as a shining example of progress and potential.
