Green for Growth Fund backs microfinance institution Alter Modus’ energy efficiency lending

The Green for Growth Fund (GGF) has provided a senior loan of EUR 1.5 million to the microfinance institution Alter Modus. This transaction further broadens and diversifies the fund’s geographic and operational scope with financing for Montenegro’s growing energy efficiency market. The GGF’s new investment will support Alter Modus, Montenegro’s leading microfinance institution, in further […]

Ulcinj Salina declared protected area – ecosystem services seen as way forward

Environmental activists and bird lovers around the world are celebrating an important victory in Montenegro. Ulcinj Salina has been declared a protected area by the local municipality and proposed by the Government for the inclusion on the Ramsar List of Wetlands of International Importance. Efforts now will include restarting salt production and regulating other ecosystem services […]

Investment in HPP Komarnica to reach EUR 238 million – study

The value of investment in the construction of the Komarnica hydropower plant (HPP) in Montenegro is estimated at EUR 237.9 million, according to the concept of the detailed spatial plan for the multipurpose water reservoir on the Komarnica river. The proposed installed capacity of HPP Komarnica is 168 MW and the estimated annual electricity production […]

Solar-powered ferries launched in Montenegro’s Bay of Kotor

Montenegro’s Bay of Kotor, known as Boka, has a new form of environmentally-friendly public transportation – solar-powered ferries. Two boats, one electric and one hybrid, are part of the Bella Boka project. They have been built by the eponymous company with the support of the Ministry of Sustainable Development and Tourism, the Montenegrin Chamber of […]

Montenegro gets 3 public e-chargers, 11 more planned

The cities of Tivat, Cetinje, and Pljevlja now have Montenegro’s first public e-chargers, for which the technical solution was developed by telecommunication company Crnogorski Telekom, the company said on its website. The first of the 3 public e-chargers in Montenegro was installed in March this year, at the Sveti Stefan island, part of the luxury […]