Fortis Group is on the verge of acquiring two biogas power plants in Pancevo, Serbia, as part of its expanding portfolio in the Balkan region. The company, which recently completed the largest solar power plant in North Macedonia, is positioning Belgrade as its headquarters for Southeast Europe, according to Chief Operating Officer Velimir Gavrilović at the Belgrade Energy Forum.
Strategic expansion in the Balkans
Originally from Turkey, Fortis Group is making significant strides in the Balkans, managing numerous projects in solar energy, wind farms, and biogas power plants. “We are concluding the purchase of two biogas power plants in Pancevo, Serbia, and will soon begin electricity production. This is an exceptional green project that our group will be proud of,” said Gavrilović at the forum.
Major projects in Serbia
Fortis Group is developing several projects in Serbia, aiming for a total installed capacity of one gigawatt. Key wind farm projects include:
- Gornjak Wind Farm: 194.4 megawatts in eastern Serbia
- Juhor Wind Farm: 144 megawatts between Kruševac and Jagodina
- Vranje Wind Farm: 171 megawatts
The company plans to complete these facilities by the end of 2028, incorporating battery systems for energy storage. Combined, these wind farms are expected to produce 1.5 terawatt-hours annually. Feasibility studies for these projects are nearing completion.
Existing operations and future plans
Fortis Group already operates the Dolovo biogas power plant near Pancevo, which has a capacity of three megawatts and produces 28 gigawatt-hours of electricity annually using manure and other agricultural residues.
“We can offer various forms of partnership, including project purchases, co-financing, and electricity distribution throughout the region and beyond through our subsidiary companies engaged in electricity trading,” Gavrilović noted.
Broader regional impact
In addition to its Serbian projects, Fortis Group is investing in Albania and Bosnia and Herzegovina. It recently completed a 68.7-megawatt solar power plant in North Macedonia, which is the largest in the country. This follows the installation of a ten-megawatt photovoltaic system at a former coal mine in the Western Balkans two years ago.
Commitment to renewable energy
Fortis Group’s investments underscore its commitment to renewable energy and sustainability in the Balkans. The company’s strategic initiatives are expected to significantly enhance the region’s green energy capacity, positioning Fortis Group as a key player in the Balkan renewable energy sector.