Photo: Fortis Energy
Fortis Energy and its Serbian subsidiary Construction DOO Beograd have signed a framework agreement with PowerChina International Group Limited on joint investments in renewable energy projects.
Fortis Energy and PowerChina intend to cooperate on the development and construction of wind and solar power projects in Serbia and the broader region, Turkey-based Fortis said.
The move, aimed at harnessing the vast potential of wind and solar energy in Southeast Europe, marks a significant milestone in the company’s renewable energy business, it said.
With its headquarters in Belgrade, Fortis Energy serves as the Eastern European hub for Fortis Energy Türkiye, which has operational assets in Turkey and North Macedonia, with more than 250 MW of solar and biogas power plants.
Fortis Energy is actively working on several high-profile projects in Serbia
Fortis Energy manages operations across several countries, including Serbia, North Macedonia, Albania, Bosnia and Herzegovina, and Montenegro.
In Serbia, Fortis Energy is actively working on several high-profile projects, including the development of a total of 509 MW of wind farms, as well as solar power projects with total capacity of 387 MWp, the company said.
Of note, it has also taken over two biogas power plants in Pančevo, Serbia.
The projects outlined in the agreement represent a combined capacity of over 850 MW, which will contribute substantially to the region’s energy mix and support the transition to a low-carbon economy, Fortis Energy said.
PowerChina is already present in the Serbian market
According to Fortis, as these projects move forward, they are expected to create jobs, stimulate economic growth, and provide clean energy to millions of people across the region.
Of note, PowerChina is already present in the Serbian market. Back in 2021, the company announced that it wanted its first European renewable energy investment to be realized in Serbia.
In April 2023, renewable energy investor CWP Europe and PowerChina Resources signed an investment contract for a wind farm in Serbia, called Vetrozelena.
In May this year in the village of Saraorci, near Smederevo, German firm AVR Group and PowerChina inaugurated a 9.9 MW solar power plant.
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