Feb 5, 2024 · The first four projects are solar power plants Pehčevo and Stipion, cogeneration facility Skopje, and a photovoltaic plant with gas engines. In 2020, North Macedonia passed
Feb 26, 2025 · Turkish company Fortis Energy has announced plans to integrate battery storage capacity at the Oslomej solar power plant, making it the second-largest hybrid power facility in
Feb 25, 2025 · The Oslomej solar park, operated by Fortis Energy, is getting a battery system of 62 MW in capability. The Turkey-based company hired Pomega for the investment. It would
Aug 15, 2024 · North Macedonia''s distribution system operator Elektrodistribucija is probably the first in the Western Balkan region and beyond to produce an interactive map of free capacity
Feb 25, 2025 · Fortis Energy said it hired Pomega Energy Storage Technologies (PESS) to install a lithium ion battery energy storage system (BESS) of 62 MW in operating power. The
The 10MW solar plant, built on the site of the spent Oslomej lignite coal mine, was constructed by the public company JSC Elektrani na Severna Makedonija (ESM). This is the company’s first solar plant in North Macedonia, developed with a view to diversifying energy sources and supporting decarbonisation.
Andi Aranitasi, EBRD Head of North Macedonia, said: “The new solar plant will help the country, which faces severe air pollution from coal, to reduce its reliance on ageing coal-fired infrastructure. It will also generate cheap electricity in times of very high market prices.
North Macedonia’s state-owned power company was unbundled and partially privatized in the early 2000s. Austrian utility company EVN has been responsible for electricity distribution in North Macedonia since entering the market in 2006.
Dimitar Kovačevski, Prime Minister of North Macedonia: "It is really a great pleasure to be here today, where once a big environmental polluter was located and now we are producing green energy. The benefits of this investment are manifold.
In addition, Italy supported the project by financing the technical feasibility assessment. The Oslomej 1 solar power plant is one of the 21 flagship projects in the Western Balkan region, selected for the EU financing in 2022 through the WBIF.
The Oslomej 1 solar photovoltaic power plant is part of a larger effort to clean up the site, diversify energy sources and support decarbonisation. The €8.8 million investment is supported jointly by WBIF bilateral donors and the EU, in line with the 'Team Europe' approach.
The global residential solar storage and inverter market is experiencing rapid expansion, with demand increasing by over 300% in the past three years. Home energy storage solutions now account for approximately 35% of all new residential solar installations worldwide. North America leads with 38% market share, driven by homeowner energy independence goals and federal tax credits that reduce total system costs by 26-30%. Europe follows with 32% market share, where standardized home storage designs have cut installation timelines by 55% compared to custom solutions. Asia-Pacific represents the fastest-growing region at 45% CAGR, with manufacturing innovations reducing system prices by 18% annually. Emerging markets are adopting residential storage for backup power and energy cost reduction, with typical payback periods of 4-7 years. Modern home installations now feature integrated systems with 10-30kWh capacity at costs below $700/kWh for complete residential energy solutions.
Technological advancements are dramatically improving home solar storage and inverter performance while reducing costs. Next-generation battery management systems maintain optimal performance with 40% less energy loss, extending battery lifespan to 15+ years. Standardized plug-and-play designs have reduced installation costs from $1,200/kW to $650/kW since 2022. Smart integration features now allow home systems to operate as virtual power plants, increasing homeowner savings by 35% through time-of-use optimization and grid services. Safety innovations including multi-stage protection and thermal management systems have reduced insurance premiums by 25% for solar storage installations. New modular designs enable capacity expansion through simple battery additions at just $600/kWh for incremental storage. These innovations have improved ROI significantly, with residential projects typically achieving payback in 5-8 years depending on local electricity rates and incentive programs. Recent pricing trends show standard home systems (5-10kWh) starting at $8,000 and premium systems (15-20kWh) from $12,000, with financing options available for homeowners.