Fortis Energy Acquires 180-MW Solar-Storage Project in Serbia

• Fortis Energy expands its renewable energy portfolio with a 180 MW solar project in Serbia, showcasing its commitment to advancing the energy transition.

Fortis Energy, a Turkish renewables company, has acquired a 180 MW solar project with a 36-MWh battery energy storage system in Serbia. The solar farm will be located in Sremska Mitrovica, with construction set to begin in 2025. This investment is part of Fortis's commitment to advancing the energy transition and expanding its presence in the renewable energy sector.

The company already has four solar sites in Serbia, three of which include storage, totaling 500 MWp. Additionally, Fortis has a pipeline of 509.4 MW of wind farm projects in development and operates a 3-MW biogas facility in Dolovo. This acquisition further solidifies Fortis's position as a key player in the renewable energy market.

What is Fortis Energy's strategy for expanding its renewable energy presence in Serbia?

• Fortis Energy plans to continue investing in solar projects with energy storage systems in Serbia to enhance grid stability and maximize renewable energy generation.
  
• The company aims to expand its portfolio of renewable energy assets in Serbia by developing additional wind farm projects to diversify its clean energy offerings.
  
• Fortis Energy is committed to collaborating with local stakeholders and communities in Serbia to ensure sustainable development and positive impacts from its renewable energy projects.
  
• The company will leverage its expertise in renewable energy technology and project management to efficiently execute the construction and operation of the new solar farm in Sremska Mitrovica.
• Fortis Energy's strategy for expanding its renewable energy presence in Serbia includes exploring opportunities for further acquisitions and partnerships to accelerate the country's transition to a low-carbon energy system.