Turkish renewable power producer Fortis Energy has outlined plans to invest in up to 2 GW of new electricity and green hydrogen production capacity across several Balkan countries over the next five years.
The comprehensive strategy includes the development of onshore wind, solar photovoltaic (PV), and biogas plants, complemented by the integration of electrolysers for green hydrogen production. The targeted nations for these initiatives encompass Albania, Bosnia-Herzegovina, North Macedonia, Serbia, and Turkey.
See also: SunPower Faces Financial Strain as Credit Agreement Breach Raises Concerns
The bulk of Fortis Energy's ambitious capacity deployment, totaling 1,036 MW, is earmarked for Serbia. Albania is set to receive around 644 MW, while Bosnia-Herzegovina and North Macedonia will host 252 MW and 40.6 MW, respectively.
The specific details of individual projects within these countries have not been disclosed as of yet. Fortis Energy, headquartered in Istanbul, is already active in the Netherlands, the Balkans, and Turkey. The company presently owns nearly 200 MW of renewable energy plants in these regions, and it recently achieved a milestone with the completion of an 80 MW solar park in North Macedonia.
