Fortis Energy, İnelso Energy Systems, and Enkraft Energy are all based in Turkey.
Fortis Energy and İnelso Energy Systems have signed a joint investment agreement for a 30 MWp solar power plant combined with a battery energy storage system (BESS) in Vojvodina, Serbia’s northern province, just 33 km from the capital, Belgrade.
The EUR 25.5 million project has reached ready-to-build (RTB) status, according to Fortis.
The EUR 25.5 million project has reached ready-to-build status
With the construction permit expected to be issued within a month, the project is set to advance directly into the construction phase, the company added.
The photovoltaic plant is expected to generate more than 40 GWh of electricity annually, equivalent to the consumption of over 11,000 households, while avoiding an estimated 19,000 tonnes of CO2 emissions a year.
The project’s offtake structure will combine long-term power purchase agreements (PPAs) with merchant market participation, with the objective of optimizing capture rates while benefiting from the increasing maturity and liquidity of Serbia’s electricity market, Fortis explained.
The project supports Fortis Energy’s Green Baseload strategy
The integrated BESS is at the core of the project’s design. By enabling energy time-shifting and output firming, the system is designed to transform intermittent solar generation into a more reliable and dispatchable energy asset, the company stressed.
This directly supports Fortis Energy’s Green Baseload strategy, which aims to combine renewable generation and storage to provide a more stable and reliable power supply.
Enkraft Energy will undertake full engineering, procurement, and construciton (EPC) responsibility for the project.
The project marks Enkraft’s operational launch as a dedicated EPC platform for solar and energy storage projects across Southeast Europe, Enkraft said.
As a new entrant in the Serbian market, Enkraft is backed by a team with proven experience in the execution of utility-scale renewable energy projects across the region, the update reads.
Once the construction permit is issued, mobilization and site works will follow directly, the company added.
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