Fortis Renewable Energy BV is proud to announce the signing of a Mandate Letter with the European Bank for Reconstruction and Development for the potential financing of a 270 MWp solar PV power plant with a 72 MWh battery energy storage system (BESS) in Serbia. The signing of the mandate letter marks the commencement of the structured financing process and due diligence required for long-term debt provision.
This landmark project is expected to become the largest solar PV facility in Serbia and one of the largest in the Western Balkans. Beyond its scale, the project represents a significant step forward in strengthening Serbia’s energy security, supporting decarbonization goals and accelerating regional integration with European climate and energy policies.
The project will:
- Add substantial renewable capacity to the national grid, strengthening long-term energy security.
- Contribute meaningfully to regional decarbonization goals as a critical infrastructure asset within Europe’s Green Transition.
- Demonstrate bankability, proving that large-scale solar in Southeast Europe aligns with international environmental and social sustainability standards.
We are especially pleased to partner with EBRD, whose continued support for sustainable infrastructure across the Western Balkans plays a vital role in mobilizing private capital, enhancing market stability and advancing the region’s green transition. This collaboration underscores the importance of strong institutional partnerships in delivering transformative energy projects.
Construction is planned to commence in Q3 2026, with commissioning targeted for Q1 2028.
We thank EBRD and all stakeholders for their trust and shared vision in building resilient, future-ready energy systems for the region.
