Fortis Renewable Energy BV has entered into a mandate agreement with the European Bank for Reconstruction and Development (EBRD) to explore financing options for a significant renewable energy initiative in Serbia. This project encompasses a 270 MWp solar photovoltaic power plant paired with a 72 MWh battery energy storage system, marking a pivotal step in the region’s energy landscape.
The Sremska Mitrovica facility is poised to become the largest solar PV installation in Serbia, as well as one of the most substantial projects in the Western Balkans. This development not only aims to enhance Serbia’s energy security but also aligns with broader decarbonization efforts and regional compliance with European climate and energy directives.
According to Fortis Energy, the addition of this project will significantly increase renewable capacity within the national grid, reinforcing long-term energy stability while aiding in regional sustainability objectives. The initiative is seen as a benchmark for bankable large-scale solar projects in Southeast Europe, demonstrating adherence to international environmental and social sustainability standards. Fortis emphasizes the importance of collaboration with EBRD, which plays a critical role in mobilizing private investment and fostering market stability across the Western Balkans.
Sremska Mitrovica, situated approximately 80 kilometers northwest of Belgrade, holds historical significance as it was built on the site of the ancient Roman capital of Sirmium. The city is now transitioning into a modern center for clean energy development, enhancing its strategic importance as a link between Belgrade and Central Europe. This solar power initiative is expected to fortify national energy security while establishing Sremska Mitrovica as a hub for sustainable economic growth.
The anticipated output of this project is over 365 GWh of clean electricity annually, which could supply power to more than 105,000 households each year. Additionally, it is projected to prevent approximately 182,000 tons of CO₂ emissions annually—an environmental benefit equivalent to planting nearly 9 million trees each year. Construction is slated to begin in the third quarter of 2026, with an operational target set for the first quarter of 2028.
Fortis Energy, which has its roots in Türkiye and is headquartered in the Netherlands, operates regional offices in Istanbul and Belgrade. The company aims to establish itself as a global Green Baseload Independent Power Producer (IPP), focusing on integrating solar, wind, energy storage, and sustainable infrastructure throughout Europe. Currently, Fortis manages over 200 MW of renewable assets and is actively pursuing more than 500 MW of new investments scheduled for 2026–2027.
