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Detail – Energy Country Profile

Montenegro awarded a land concession for solar energy project

The Government of Montenegro approved a 30-year concession of two land plots in Ulcinj municipality for the construction of a photovoltaic plant which will be carried out by a consortium of Finland's Fortum and one of Montenego`s power utility Electric Enterprise AD Niksic.

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Photo credit: Unsplash

The consortium placed the best bid in a tender for the construction and operation of a PV plant with installed capacity of more than 200 MW in the municipality of Ulcinj. The selected bidder will have to install at least 50 MW of PV capacity within a period of 18 months after the signing of the agreement and to increase capacity to more than 200 MW in 36 months.

The European Commission advises Montenegro to move to market-based support schemes for renewable energy production given that it surpassed its 33% renewables target for 2020 back in 2016 (41.6%). In the meantime, the Government has decided to start reducing feed-in tariffs for renewable energy sources as of January 1, 2020, and announced it will continue to promote the construction of wind farms, solar power plants, and large hydropower plants without guaranteed incentive prices.

Source:https://renewablesnow.com/news/montenegro-awards-land-concession-for-solar-energy-project-of-fortum-epcg-637973/