Photo: Akuo Energy
French renewable energy company Akuo Energy has signed a power purchase agreement (PPA) with Serbia’s state-owned power utility Elektroprivreda Srbije (EPS) for the Bela Anta 2 wind power project, for the full capacity and including the balancing responsibility.
The project is being developed through Matrix Power, a special purpose vehicle (SPV) fully owned by Akuo Energy. With a total installed capacity of 80 MW, Bela Anta 2 was among the awarded projects in Serbia’s second round of renewable energy auctions, held in early 2025. Akuo secured a contract for difference (CfD), positioning it with the largest wind projects contracted with EPS to date, under the new market-based support scheme.
Milestone for Serbia’s energy transition
The agreement marks a major step in Serbia’s ongoing shift toward renewable energy, Akuo Energy said. All electricity produced by Bela Anta 2 will be supplied to the domestic market, supporting energy security and sustainability, it added.
“Akuo Energy is honored to support Serbia’s renewable energy goals in partnership with EPS. This PPA reflects strong institutional support and our shared commitment to accelerating the country’s green transition,” said a company spokesperson. The CfD ensures price stability and investment certainty, creating long-term benefits for both investors and the Serbian power system, Akuo Energy pointed out.
Akuo Energy: Global expertise with regional depth
Akuo Energy is an independent global renewable (wind, solar and storage) energy producer and developer. The group is present across the entire value: development, financing, construction and operation.
All electricity produced by Bela Anta 2 will be supplied to the domestic market
As of the end of 2024, the company had a total capacity of 1.9 GW in operation or under construction and a total project portfolio of over 12 GW. With more than 450 employees, the group, headquartered in Paris, France, develops projects in more than twenty countries around the world.
With nearly two decades of experience, Akuo has delivered projects in onshore wind, photovoltaics, hydropower, biomass, and battery energy storage systems (BESS). In Central and Eastern Europe, it operates more than 324 MW, with a strong and established presence in the Western Balkans.
More projects to come in Serbia
Akuo Energy plans to further expand its presence in Serbia’s renewable energy sector. One of its most advanced upcoming projects is the Bašaid Wind Farm (85 MW) near Kikinda, which is fully permitted and ready for construction. The company is also exploring new solar power and hybrid opportunities across the country.
With the PPA for Bela Anta 2, Akuo strengthened its long-term commitment to Serbia’s energy transition and to supporting the growth of a reliable, sustainable power system in the region, the update reads.
Akuo was a silver sponsor of Belgrade Energy Forum (BEF 2025), held last week in Serbia’s capital city.
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