Renewables

Profine Energy developing battery-backed solar power projects of 550 MW in Serbia, BiH

profine energy serbia bih solar bulgaria

Photo: Foto: Kev from Pixabay

Published

March 13, 2023

Comments

0

Share

Published:

March 13, 2023

Comments:

0

Share

Germany-based Profine Energy said it would build two solar power plants with a combined capacity of 550 MW in Bosnia and Herzegovina and Serbia and that the facilities would include battery storage. The firm is a joint venture between PVC doors and windows manufacturer Profine and energy company Wirth Group.

A solar power plant with a capacity of 450 MW will be installed next to a carbon-free industrial park in Serbia. The investment is estimated at EUR 2 billion, owner and manager of Profine Peter Mrosik said at a press conference in Sofia, SeeNews reported.

The industrial park should be built over 800 hectares between Novi Sad and the capital Belgrade. The solar power plant in BiH, where Profine has a factory, would have a capacity of 100 MW.

The solar plant would supply the factories in the industrial park

At the end of June last year, Mrosik met with the President of Serbia, Aleksandar Vučić, to discuss the expansion of the company’s location in the country, a 600,000 square meter property.

At the time, Profine said it planned to build a production site to serve as a hub for South-Eastern Europe and a photovoltaic system.
The company added that the power plant, operated by Profine Energy, would supply production facilities in the park.

Profine said it would invest EUR 1 billion in Bulgaria

Mrosik now also said the joint venture is planning a EUR 25 million solar panel factory in Montana in the northwest of Bulgaria.

The investment will be implemented if the company proceeds with a proposed floating solar power project on the Ogosta artificial lake in the same area. Environmentalists and a group of locals oppose the planned facility, which would have 500 MW to 1.5 GW capacity.

Profine Energy said in November that it is prepared to invest EUR 1 billion in Bulgaria.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Bulgaria EUR 8 2 million Stara Zagora hydrogen valley

Bulgaria earmarks EUR 8.2 million for Stara Zagora hydrogen valley

07 December 2023 - Minister of Innovation and Growth Milena Stoycheva said the Stara Zagora hydrogen valley project would get EUR 8.2 million in EU funds

Italy rely SMRs nuclear power revival

Italy to rely on SMRs in its nuclear power revival

07 December 2023 - Italy has earmarked EUR 135 million for nuclear energy research, aiming to focus on SMRs instead of conventional reactors

mercom top solar developers total

Who is the largest solar developer in the world? Oil supermajor

06 December 2023 - Of the top ten global solar developers, six are based in Europe, three in North America, and one in South Asia, according to the latest report

vetropack straza koer virtual power plant

Vetropack Straža joins KOER virtual power plant

05 December 2023 - Technology company KOER launched the first virtual power plant in Croatia in February 2022, becoming the first aggregator