Great interest of Montenegrin households, firms for solar subsidies

montenegro solar panels epcg

Photo: iStock


February 24, 2022






February 24, 2022





Montenegrin households and companies are showing great interest in installing solar panels for the production of electricity for self-consumption. So far, 14,000 homes and 800 companies have applied to the public call of power utility Elektroprivreda Crne Gore (EPCG) for the subsidized installation of photovoltaic panels, and the planned target was 3,000 for households and 500 for firms.

EPCG has offered citizens and businesses to install solar panels, and in return, they have to repay the investment within six to ten years without paying any other expenses. The monthly installment will be lower than the average electricity bill, as previously announced by EPCG, and when the repayment is over, the electricity will be free.

The interest for solar panels is almost five times higher than planned

According to EPCG, since November 1, 2021, when the Solari 3,000+ and Solari 500+ projects were launched, approximately 14,000 households and more than 800 legal entities have applied.

Due to the great interest of citizens, the deadline for applications, which was original until January 31, has been extended to February 28, EPCG said.

Driven by good results, EPCG plans a Solari 5,000+ project worth EUR 70 million with a total installed capacity of 70 MW. The project will include 4,000 households, 500 residential buildings, 500 companies, and public institutions.

EPCG plans to offer the installation of solar panels for another 5,000 consumers

After all these projects are finished, Montenegro could get solar power plants on roofs with more than 100 MW installed, equivalent to a new power plant.

The Solari 3,000+ and Solari 500+ projects are expected to provide solar panels with a capacity of 30 MW.

EPCG plans to install photovoltaic panels with a total capacity of up to 10 kW in households and from 10 to 30 kW in companies. The company plans to finish the job within six months from the signing of the financing agreement.

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

Wind turbines on the sea.

Ørsted issues blue bonds, vows to recycle solar panels, wind turbines

09 June 2023 - Danish renewable energy giant Ørsted said it would invest EUR 64 billion to achieve 50 GW in installed capacity by 2030

Romania financial support nuclear power projects Cernavoda 3 4

Romania pledges financial support for nuclear power projects Cernavodă 3, 4

09 June 2023 - The Romanian Government is backing state-owned Nuclearelectrica in the project for units 3 and 4 in the Cernavodă nuclear power plant

EU modernization fund Bulgaria Croatia Romania

EU pays out EUR 1.4 billion to Bulgaria, Croatia, Romania for green transition

09 June 2023 - The European Union's Modernization Fund has paid out EUR 2.4 billion for the seven member states, which is the joint largest disbursement

Lorkowski Carbon pricing condition electricity sector avoid EU carbon border tax

Lorkowski: Carbon pricing is condition for electricity sector to avoid EU’s carbon border tax

09 June 2023 - Market coupling and emissions trading systems are the prerequisites for an exemption from CBAM for electricity