In August 2024, Fortis Energy and Construction DOO Beograd (Fortis Energy) and POWERCHINA International Group Limited (POWERCHINA-INTL) signed a Framework Agreement to cooperate on the development and construction of wind and solar power projects in Serbia and the broader region. This marks a significant milestone in the renewable energy sector, aiming to harness the vast potential of wind and solar energy in Southeast Europe.
Fortis Energy: Pioneering Renewable Energy in Serbia
Fortis Energy is a leading player in the renewable energy sector in Serbia, with a strong focus on developing, constructing, and investing in wind and solar power plants. With its headquarters in Belgrade, Fortis Energy serves as the Eastern European hub for Fortis Energy Türkiye which has operational assets in Türkiye and North Macedonia with more than 250 MW assets consisting of Solar and Biogas power plants, managing operations across several countries, including Serbia, North Macedonia, Albania, Bosnia Herzegovina, and Montenegro. The company's commitment to sustainable energy solutions has positioned it as a key contributor to the region's energy transition.
In Serbia, Fortis Energy is actively working on several high-profile projects, including the development of total capacity with 509 MW wind farms, as well as solar power projects with total capacity of 387 MWp. These projects underscore Fortis Energy's dedication to expanding Serbia's renewable energy capacity and reducing its carbon footprint.
POWERCHINA: A Global Leader in Infrastructure and Renewable Energy POWERCHINA International Group Limited, a subsidiary of Power Construction Corporation of China, is a global leader in infrastructure and renewable energy. The company offers comprehensive services, including engineering, procurement, and construction (EPC), as well as financing and investment solutions. POWERCHINA-INTL has a proven track record of delivering large-scale renewable energy projects worldwide, making it an ideal partner for Fortis Energy's ambitious plans in Serbia.
The cooperation between Fortis Energy and POWERCHINA-INTL is a significant step toward advancing renewable energy in Serbia and the surrounding region. 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.
This partnership reflects the shared commitment of both companies to sustainable development and their confidence in the future of renewable energy in Southeast Europe. As these projects move forward, they are expected to create jobs, stimulate economic growth, and provide clean energy to millions of people in the region.
In conclusion, the Framework Agreement between Fortis Energy and POWERCHINA-INTL is more than just a business deal it is a collaborative effort to build a greener and more sustainable future for Serbia and the region.
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