N. Macedonia inks contracts with Solarpro, Fortis for PV project

Green Energy

North Macedonia's government said it has signed contracts with Bulgarian solar energy group Solarpro Holding and Turkish Fortis Energy Electric for the construction of photovoltaic (PV) power plants of combined 100 MW (megawatt) worth EUR 70 million (USD 83.6 million), news portal SeeNews reported.

Each of the companies will build one solar power plant with an installed capacity of 50 MW at the location of an old mine in Oslomej as part of a public-private partnership (PPP) with state-owned electricity company ESM, the government said.

The agreements have a 35-year term, after which the ownership of the solar parks will be transferred to ESM, ESM general manager Vasko Kovachevski said in the statement. 

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