EBRD Backs Fortis Energy’s 270 MW Solar and Storage Project in Serbia
Serbia’s renewable energy landscape is set for a monumental transformation with the announcement of a major new solar project. The European Bank for Reconstruction and Development (EBRD) is throwing its weight behind Fortis Renewable Energy, signing a mandate letter for the potential long-term debt financing of a groundbreaking 270 MWp solar photovoltaic (PV) power plant. This ambitious project will be integrated with a 72 MWh battery energy storage system (BESS), marking a significant step forward for energy stability and green power in the region.
A Landmark Project for Serbia solar storage Energy Future
Located in Sremska Mitrovica, approximately 80 km northwest of Belgrade, this facility is poised to become the largest solar PV plant in Serbia and one of the most significant in the entire Western Balkans. The scale of the project is impressive, with a projected annual electricity generation of over 365 GWh. To put that into perspective, this is enough clean energy to power more than 105,000 households.
The environmental impact is equally substantial. Once operational, the plant is expected to prevent the emission of around 182,000 tonnes of COâ‚‚ annually. This initiative directly supports Serbia’s critical goals for decarbonization, enhances its energy security, and aligns the country more closely with European climate policies.
Strategic Importance and Regional Impact of Serbia solar storage
The Sremska Mitrovica project is more than just a power plant; it’s a powerful statement about the bankability and viability of large-scale solar projects in Southeast Europe. By integrating a significant battery storage system, the project addresses the intermittency of solar power, ensuring a more reliable and stable supply of energy to the grid. This hybrid approach is crucial for modernizing the energy infrastructure and increasing the share of renewables in the national energy mix.
The involvement of a major international financial institution like the EBRD underscores the project’s solid footing and adherence to high international sustainability standards. This partnership serves as a model for future sustainable infrastructure investments across the Western Balkans, a region closely watched by energy analysts at outlets like Balkan Green Energy News.
The Path Forward for Serbia solar storage
With the EBRD mandate in place, the project now enters a formal due diligence process for a structured financing package. Fortis Renewable Energy, a global green baseload Independent Power Producer (IPP) founded in TĂĽrkiye and headquartered in the Netherlands, is driving the development.
The timeline for the project is ambitious but clear. Construction is scheduled to commence in the third quarter of 2026, with the plant expected to be fully commissioned and operational by the first quarter of 2028.
This collaboration between Fortis Renewable Energy and the EBRD is a pivotal moment for Serbia’s green transition. It not only promises to deliver a massive injection of clean energy but also signals a bright future for renewable investment and sustainable development in the heart of the Balkans.
