Renewables

Contract signed to build 250 MW solar power plant

Photo: Fortum

Published

December 31, 2018

Country

Comments

comments icon

2 Comments

Share

Published:

December 31, 2018

Country:

Comments:

comments icon

2 Comments

Share

The Montenegrin government has signed a contract on the construction of a 250 MW solar power plant at the Briska Gora location with a consortium comprising Finland’s state energy company Fortum, Montenegro’s state power utility Elektroprivreda Crne Gore (EPCG), and Sterling & Wilson International Solar FZCO, according to a press release from the Ministry of Economy.

For its part, Fortum said in a press release that a conditional contract has been signed, with certain conditions that need to be fulfilled before the project to build the Briska Gora solar power plant in the municipality of Ulcinj can move ahead.

“The solar power plant will be the largest of the kind in Europe, representatives of the Fortum-EPCG consortium said today,” the ministry’s December 28 press release reads.

The Ministry of Economy launched tendering for the project based on the government’s authorization on May 19, offering a lease to state land spanning 6,621,121 square meters to design, build, operate, and maintain a solar power plant with an installed capacity of more than 200 MW.

The Fortum-EPCG consortium offered an annual lease fee of EUR 0.33 per square meters and a plan to create 226 jobs during the entire lease period.

The consortium’s offer envisages an overall investment of EUR 178 million. An important bid element is for domestic companies’ participation in the overall investment to be worth EUR 20 million, the Ministry of Economy’s press release reads.

Even though tendering documentation had been purchased by 11 companies, only three bids were filed.

The second-ranked bidder, the IREDL consortium, offered a lease fee of EUR 0.05 per square meter and 25 new jobs, while the Montesolar consortium’s bid was not cleared.

Fortum owns 85 MW solar capacity in India and 35 MW in Russia, and is also developing or has rights to develop another 500 MW of solar in India and 110 MW in Russia.

No incentives envisaged for Briska Gora solar power plant

No incentives are envisaged for the Briska Gora solar power plant.

In its 2018 report on Montenegro, the European Commission advises the country to move to market-based support schemes for renewable energy production given that it overshot its 33% renewables target for 2020 back in 2016, when the share stood at 41.6%.

In the meantime, the Montenegrin government has decided to start gradually 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.

Comments (2)
George Skikos / May 19, 2019

Do you know whether there is any progress on this project?
Any contact name in the Ministry, I could get more information?
Thank you.

Svetlana Jovanović / June 6, 2019
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

Turkish geothermal power plant operator drill for geothermal lithium

Turkish renewables firm to drill for geothermal lithium

26 July 2025 - Margün Energy intends to search for lithium in geothermal water in western Turkey, where it took over a 12 MW geothermal power plant

serbia wind farm plandiste nis met dubravka djedovic

Government of Serbia interested in taking over Plandište wind project

25 July 2025 - Plandište is one of the projects that obtained feed-in tariffs under the first quota of 500 MW for wind power plants in Serbia

Over 20,000 prosumer projects connected in Greece during last 18 months

Over 20,000 prosumer units connected in Greece in last 18 months

24 July 2025 - Households and businesses remain highly interested in becoming prosumers in Greece, although the new net billing program faces delays.

Project 81 MW solar park on coal mine in Montenegro

Project underway for 81 MW solar park on coal mine in Montenegro

24 July 2025 - The Government of Montenegro gave a provisional green light for a solar power plant of 81.1 MW in peak capacity on coal land in Pljevlja