Israeli Investment of €25 Million in a Solar Park in Serbia

Nofar Energy Ltd, an Israeli company, has successfully connected its 27 MW solar photovoltaic (PV) park in Ada, Serbia, to the power grid. Located in the northern Bačka region, this complex consists of two solar parks installed in Ada, with a total investment of €25 million.

"When we consider the existing facilities of various Israeli companies in the renewable energy sector, such as the Kovačica Wind Farm, which has 38 turbines and a capacity of 104.5 MW, along with the Pupin project expansion that adds 16 additional turbines, each with an individual capacity of up to 5.9 MW—bringing the total maximum capacity of the wind farm to 94.4 MW by Enlight Renewable Energy—and Big Mega Energy, which has rooftop solar panels with capacities of 1.22 MW at Novi Sad 1 and Novi Sad 2, and 0.535 MW at Novi Sad 5, it becomes evident that our country is attracting strong interest and competition from internationally renowned companies. This demonstrates a high level of credibility among Israeli investors," said Aleksandar Nikolić, Director of the Chamber of Commerce and Industry of Serbia (CCIS) Representative Office in Jerusalem and Honorary Consul of Serbia in Israel.

According to him, two more Israeli companies in the renewable energy sector are in contact with the relevant institutions and are conducting feasibility studies for additional projects in Serbia.

Nikolić emphasized that, in addition to the benefits of renewable energy sources, such as health and environmental preservation and the use of domestic resources, Israeli companies in this sector are also innovation-driven, particularly in energy storage, which will further contribute to the country’s energy stability and security. Finally, the associated infrastructure includes the reconstruction of rural roads in the area, spanning dozens of kilometers as part of the project.