The Environmental Protection Agency of Montenegro has determined there is no need for an environmental impact assessment report for the second phase of the Gvozd wind farm, and allowed the project to proceed. It is for three additional wind turbines with a total capacity of 21 MW, bringing the wind farm’s overall capacity to 75.6 […]
Elektroprivreda Crne Gore has appointed a new chief executive officer. Instead of Ivan Bulatović, the new head of Montenegro’s state-owned power utility is Bojan Đordan. The Board of Directors of Elektroprivreda Crne Gore (EPCG) has relieved the previous chief executive officer Ivan Bulatović of his duties and appointed Bojan Đordan as the acting CEO. Đordan […]
Montenegrin state-owned power utility Elektroprivreda Crne Gore has signed memoranda of understanding with Akuo, E2S Power AG, and wind fisher for a floating solar power plant, thermal batteries, and a pilot project for high-altitude wind turbines, respectively. Memoranda of understanding (MoUs) were signed within the framework of the European Union – Montenegro Investment Conference. Domestic […]
Montenegro’s state power utility, Elektroprivreda Crne Gore (EPCG), is installing a 2.5 MW solar plant at the Slano hydropower dam near Nikšić, while a photovoltaic plant is also being installed at the Vrtac dam. The project marks yet another step towards increasing the share of renewable sources and strengthening Montenegro’s energy independence, said EPCG-Solar gradnja, […]
A total of 14 cooperation projects between Montenegrin and European companies have been initiated at the ongoing European Union-Montenegro Investment Conference, including investments in wind farms, solar parks, energy storage, and grids. The two-day conference, titled Smart Growth, Green Future: Accelerating Investment in Montenegro, was opened today in Luštica, near Tivat, by the President of […]
The solar power plant on the roof of the Parliament of Montenegro in Podgorica has started producing electricity. The plant’s total peak capacity is 81 kW, and it is expected to generate approximately 100,000 kWh per year. Montenegro is likely the first country in the former Yugoslavia to install solar panels on the roof of […]
Necessary investments in Bosnia and Herzegovina’s electricity distribution grids by 2030 amount to BAM 1.4 billion (EUR 716 million), according to Zijad Bajramović, chairman of the Bosnia and Herzegovina committee of the International Council on Large Electric Systems (CIGRE). The growing installation of power plants utilizing renewable energy sources is creating congestion in transmission and […]
Montenegro’s state-owned power utility, Elektroprivreda Crne Gore, has launched a tender for the procurement and installation of two battery energy storage systems with a total capacity of 60 MW/240 MWh. Elektroprivreda Crne Gore (EPCG) is seeking a partner for the design, supply, installation, testing, and commissioning of two battery energy storage systems (BESS), each with […]
Montenegro’s state-owned power utility, Elektroprivreda Crne Gore, posted a EUR 24.5 million loss in the first half of 2025, a 620% increase compared to the same period last year. The main reasons for the poor results were a production halt at the Pljevlja coal power plant and a wide gap between the purchase price of […]
Montenegrin state-owned power utility Elektroprivreda Crne Gore (EPCG) said it signed a EUR 25 million loan contract with the European Bank for Reconstruction and Development (EBRD) for expanding the Gvozd wind farm to 75.6 MW. Once fully operational, it will be the largest wind farm in Montenegro. The Gvozd 2 project involves the installation of […]