Renewables

Grid connection agreement signed for 385 MW solar power plant in Montenegro

solar-panels

Photo: Zsuzska321 from Pixabay

Published

June 13, 2023

Country

Comments

comments icon

0

Share

Published:

June 13, 2023

Country:

Comments:

comments icon

0

Share

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.

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

fiat grande panda stellantis serbia electric cars automobiles

Stellantis starts producing electric cars in Serbia

22 July 2024 - With the announced state subsidies, Fiat Grande Panda from the Kragujevac plant could cost around EUR 18,000

eds ceo biljana komnenic elektrodistribucija srbije

Biljana Komnenić takes helm of Serbia’s DSO

22 July 2024 - The Government of Serbia has dismissed the acting director of distribution system operator Elektrodistribucija Srbije, Bojan Atlagić

serbia dso eib loan smart meters elektrodistribucija srbije dubravka de groot

Serbia secures EUR 80 million to replace 400,000 smart electricity meters

22 July 2024 - Distribution system operator Elektrodistribucija Srbije and the European Investment Bank have signed an EUR 80 million loan agreement

Romania-ambitious energy storage plans 5 GW by end 2026

Romania’s ambitious energy storage plans: 5 GW by end-2026

18 July 2024 - These ambitious energy storage targets are aligned with transmission system operator Transelectrica’s recommendations and analyses