Montenegro to add 200 MW of renewables by 2026 - report

Among the planned projects is the 60 MW Gvozd wind park, which is likely to be completed by the end of 2025, Mujovic told the 2024 Belgrade Energy Forum on Monday, as quoted by news agency Mina.

Another project is the installation of a new 60 MW turbine at the Perucica hydropower plant, Mujovic noted.

He said that Montenegro produces more than 60% of its electricity from renewable energy sources, while the remainder comes from the country's sole thermal power plant TE Pljevlja.

Mujovic also said that Montenegro plans to cut its CO2 gas emissions by 55% by 2030 at the latest, and to become carbon neutral by 2050.

Earlier this month, the executive head of Montenegrin state-run power utility Elektroprivreda Crne Gore (EPCG), Ivan Bulatovic, said EPCG hopes to engage a contractor and start building the planned 55 MW Gvozd wind farm in the summer. In 2023, EPCG received an 82 million euro ($89 million) loan from the European Bank for Reconstruction and Development (EBRD) in support of the project.

In April, EPCG said it expects to open a tender for the project design, supply and installation of the new 58.5 MW turbine at the Perucica hydropower plant in June. Once installed, the turbine will lift Perucica's overall capacity to 365.5 MW from current 307 MW. The project is expected to be supported by a 40 million euro loan from German development bank KfW.

EPCG's installed generation capacities total 874 MW, with 649 MW coming from the two big hydro power plants, Perucica and Piva, and 225 MW being contributed by the country's sole thermal power plant, TE Pljevlja. EPCG also has several small hydropower plants.

($ = 0.926 euro)