Vojvodina Greenfield Portfolio — Utility Scale project in Serbia
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SerbiaUtility ScalePipeline

Vojvodina Greenfield Portfolio

A flagship greenfield platform across contiguous agricultural parcels in northern Serbia, secured with grid connection approval and a long-term land package. The portfolio is structured for institutional co-investment at ready-to-build.

Capacity

120 MWp

Development stage

Ready-to-Build

Location

Vojvodina, Serbia

Timeline

Construction Q1 2027 — COD Q4 2028

Total capex

EUR 78m

Fully engineered budget

Target equity IRR

12.4%

Unlevered, base case

Contracted revenue

70%

15-year corporate PPA

Asset life

35 years

With repowering option

Investment opportunity — Equity co-investment · EUR 78m

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Project gallery

Drone photography & site views

Drone survey of the primary array corridor
Drone survey of the primary array corridor
Tracker installation on the first 40 MWp phase
Tracker installation on the first 40 MWp phase
110 kV connection point at sunrise
110 kV connection point at sunrise
Bifacial module detail
Bifacial module detail

Technical specifications

Engineered to bankable standards

Installed capacity

120 MWp / 96 MWac

Annual yield

168 GWh

Modules

192,000 bifacial 625 Wp

Trackers

Single-axis, 1P

Grid connection

110 kV, approved

Land

184 ha, 30-year lease

CO₂ avoided

94,000 t / year

Offtake

Corporate PPA + merchant

Construction timeline

Project lifecycle

  1. 2024

    Land control secured

  2. 2025

    Grid connection approval

  3. 2026

    Permitting & final design

  4. 2027

    Financial close & construction start

  5. 2028

    Commercial operation