Renewables

Montenegro’s EPCG to expand Solari program with 5,000 rooftop PV units

epcg solari project pubic call solar panels

Photo: Foto: iStock

Published

December 5, 2022

Country

Comments

comments icon

0

Share

Published:

December 5, 2022

Country:

Comments:

comments icon

0

Share

State-owned power utility Elektroprivreda Crne Gore has approved the launch of Solari 5,000+, the next chapter after the Solari 3,000+ and Solari 500+ programs. It will offer the installation of another 5,000 rooftop solar power plants to households, legal entities and residential communities.

Elektroprivreda Crne Gore (EPCG), controlled by the Government of Montenegro, recently revealed plans to install 15,000 more rooftop solar power plants, and the first phase is the launch of the Solari 5,000+ project.

The Solari 3,000+ and Solari 500+ projects have sparked a huge response as more than 14,000 consumers have applied for the installation of photovoltaic systems on their roofs.

The public call will be open for residential communities

In order to meet the demand, a public call for the Solari 5,000+ scheme will be announced in mid-December, EPCG said and explained that it would be open for households, legal entities, and residential communities – in residential buildings of up to four floors.

The Solari 5,000+ program will enable the addition of 70 MW in total solar power capacity, valued at EUR 70 million. Consumers who meet the conditions from the public call are eligible for a subsidy of 20% of the investment.

The photovoltaic systems will be installed on a first come, first served basis

With the Solari programs, EPCG provides solar panels and other equipment for PV facilities and installs them for consumers that it selects from the public call. They repay the investment in the form of a loan over a period of five to seven years.

When customers pay off the debt, their bill should become much lower than it was before the installation of the solar panels.

EPCG said it would install photovoltaic systems in the order of the valid applications it receives and approves.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Petrol obtains financing EV charging network Slovenia Croatia

Petrol obtains financing for EV charging network in Slovenia, Croatia

15 July 2024 - Slovenia-based Petrol is about to install electric vehicle charging points in 35 locations in its home market and in Croatia.

Green for Growth Fund financial impact targets 2023

Green for Growth Fund tops its financial, impact targets in 2023

15 July 2024 - The Green for Growth Fund kept mitigating climate change and promoting sustainable economic growth last year in its 18 markets

Energy permit not needed for power plants under 1 MW in BiH

15 July 2024 - The Ministry of Energy, Mining and Industry has adopted the rulebook on issuing energy permits and it entered into force on July 6

koncar croatia siemens energy

Končar, Siemens Energy launch new joint venture

15 July 2024 - Croatia’s firm Končar and Siemens Energy have signed a joint venture agreement on the establishment of the Končar - Transformer Tanks