Renewables

Israeli firm Nofar Energy breaks ground on 26 MW solar park in Serbia

Israeli Nofar Energy breaks ground 26 MW solar park Serbia

Photo: Kev from Pixabay

Published

May 28, 2024

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Published:

May 28, 2024

Country:

Comments:

1

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Nofar Energy started to build a 26 MW solar park in north Serbia, divided into two units that would be connected to the distribution network. The project is valued at EUR 25 million. The company said it would complete it before the end of the year.

The co-owner of Romania’s largest solar power plant began the construction works in neighboring Serbia on a photovoltaic facility with 26 MW in peak capacity. Nofar Energy picked a site in Utrine in the municipality of Ada in the country’s north.

The solar park is divided into two units. They have connection approval for 9.999 MW each from Serbia’s electricity distribution operator Elektrodistribucija Srbije (EDS). There is no standalone solar power unit yet on the Balkan country’s transmission network.

The two PV facilities span 15 hectares each on a 116-hectare plot, planned for the solar park’s expansion. Nofar Energy has launched the projects via its subsidiaries Forest Energy and Energia Solis.

Serbia tops 100 MW in solar power

Notably, a PV unit with a connection of just under 10 MW was inaugurated near Smederevo, east of Belgrade, a few days before. Renewables advisor Rade Mrdak from the Ministry of Mining and Energy said the combined capacity of solar power plants in Serbia has topped 100 MW. He estimated that another five facilities with 30 MW in total would come online by the end of the year.

Nofar Energy’s Founder Ofer Yannay said such projects depend on the government to determine the rules, banks and investors. The process is “smooth and fast” in Serbia and, if it continues, it could even surpass Romania, he claimed.

Nofar Energy selected Turkey-based Girişim Elektrik to build plant

The Ada1 and Ada2 solar park is expected to produce 33.2 GWh per year, according to Nofar Energy. It also revealed that the project costs EUR 25 million. Turkish company Girişim Elektrik is the contractor. Nofar, founded in 2011, said it is developing several larger projects of 270 MW overall.

The Israeli firm said it develops, builds and operates PV, wind power and energy storage systems. It is active in Israel, the United States, United Kingdom, Germany, Spain, Romania, Poland, Italy, Greece and Serbia.

The European Bank for Reconstruction and Development (EBRD) approved a senior loan of EUR 55 million in March to Nofar Energy’s SPVs in Romania. The financing is for two photovoltaic endeavors in Giurgiu county in the southeast.

RTG Solar Energy is developing the Iepurești project of 169 MW. The other photovoltaic plant, Ghimpați, is formally under a firm called Solis Imperium. It is envisaged with 146 MW in capacity. Nofar earlier purchased a 255 MW project in the Corbii Mari commune in Dambovița county.

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