Nofar starts building 26 MW solar farm in Serbia

"For the time being, considering that Serbia is a relatively young market, this is the single largest project for producing electricity from renewable energy sources in the country," the head of financial and legal department at Nofar Adria, Ana Stankovic, said on Monday. A video file with her statement was uploaded on the website of local broadcaster Radio-Televizija Vojvodine (RTV).

The project is worth 25 million euro ($27 million) and is expected to produce 33.2 GWh of electricity per year, meeting the needs of 9,000 households. It should be completed in six months and connected to the grid by the end of 2024, RTV reported.

The project will comprise two solar plants - Ada 1 and Ada 2, of combined capacity 26 MW, covering an area of 30 hectares.

The head of Nofar Adria, Yoav Shafrir, was quoted as saying in the same report that Turkish firm Girisim Elektrik was hired to build the solar farm.

Founded in 2011, Nofar Energy is listed on the Tel Aviv Stock Exchange. It is specialised in the development, operation and maintenance of photovoltaic plants and wind farms. Nofar Adria is its Belgrade-based subsidiary in charge of the Serbian project.

($ = 0.922 euro)