The majority of the company’s portfolio is in operation in its home country, but Fortis has sought to expand its offerings in other countries in recent years. The company currently has three solar-plus-storage projects under development in Serbia, with a combined solar generation capacity of 600MW, alongside three solar-plus-wind projects in the south of the country. Fortis now has close to 2GW of new renewable power capacity under development in Albania, Serbia and North Macedonia.

The deal is the latest encouraging development for the eastern European renewable power sector. Earlier this year, figures from Ember demonstrated that clean power generation exceeded that of coal in Central and Eastern Europe for the first time, and the continued investment into renewable power facilities will only continue to expand the sector.

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