Montenegro’s transmission system operator, CGES, and Cetinje-based MEnergy have signed the first agreement on connecting a planned solar power plant of 385 MW to the grid. The value of the project is around EUR 300 million.
MEnergy will build the solar power plant at the locations of Ubli in the municipality of Cetinje, and Bogetić and Broćanac in the municipality of Nikšić. Under the agreement, it should be completed and connected to the grid by 2027.
The power plant should be completed and connected to the grid by 2027
The contract was signed by Ivan Asanović, CEO of CGES, and Nikola Špadijer, CEO of MEnergy.
Despite the technical challenges related to the integration of renewable energy sources into the existing network infrastructure, and a significant number of requests for connection CGES has already received, the grid is largely prepared for such trends, the company said, adding that its five-year plan envisages investments in the network of EUR 195 million.
MEnergy is owned by Aleksandar Špadijer and Dejan Kotri, according to Montenegro’s Central Registry of Business Entities.
CWP Europe plans to build a 400 MW solar power plant in Cetinje
CWP Europe plans to install the Montechevo solar power plant with a total capacity of 400 MW at Lastva, Čevo and Prentin Do on the territory of Montenegro’s historic capital Cetinje, in an investment valued at EUR 360 million.
The project is envisaged to be implemented in phases. The start of construction is scheduled for 2025. Upon completion and commissioning, which is expected at the end of 2026, Montechevo will be the largest solar power plant in Montenegro.
This year Montenegro has issued initial clearance for a solar power plant of up to 506 MW
Earlier this year, RES Montenegro Group received urban planning and technical requirements for a photovoltaic facility with a connection capacity of up to 506 MW. The project in Cetinje is one of the largest in Southeastern Europe.
In March, the Government of Montenegro issued urban planning and technical requirements for three solar power projects – a 150 MW plant in Cetinje, a 100 MW plant in Podgorica, and a 15 MW plant in Nikšić.
In January, Montenegro slashed its VAT on solar panels from 21% to 7%
In January, Montenegro lowered its value-added tax (VAT) on solar panels from 21% to 7%, streamlined the procedure for the construction of photovoltaic power plants, and announced a spike in solar power output for this year.