Renewables

Montenegro issues calls for energy efficiency in households, solar power for firms

Montenegro calls energy efficiency households solar power firms

Roy Buri from Pixabay

Published

August 6, 2021

Country

Comments

comments icon

0

Share

Published:

August 6, 2021

Country:

Comments:

comments icon

0

Share

The Government of Montenegro is accelerating its energy transition efforts with a specialized credit package that small businesses can apply for to install photovoltaic systems and qualify for grants, and interest-free loans for energy efficiency measures in households.

The Investment and Development Fund (IDF) and Environmental Protection Fund (Eco Fund) of Montenegro launched a credit line for companies, entrepreneurs and farmers for the installation of solar power units with a possibility of subsidizing the loans with grants.

The funds are available until the end of the year. Loans are between EUR 3,000 and EUR 400,000, with a 3% annual interest rate. The repayment period can last up to 10 years including a grace period of as much as one year.

The technical and other requirements are split into categories of up to 10 kW and above the level. All photovoltaic systems will have a net metering ability.

Grants are for rooftop solar power systems of at least 3 kW

If they qualify for a subsidy, the beneficiaries can also get a cofinancing grant for up to 40% of eligible expenses or a maximum of EUR 25,000. The total amount is EUR 100,000.

The documentation shows grants are available for rooftop solar power systems of at least 3 kW. The projects will be awarded up to 100 points in the ranking procedure. A maximum of five points can be won for the participation of women. Applicants from the agriculture, tourism and energy sectors can get 10 points while projects in underdeveloped municipalities bring up to 10 points.

The deadline for applications for grants is September 17.

The scheme will be implemented in cooperation with the United Nations Development Programme or UNDP through the Green Jobs Project, funded by the Global Environment Fund – GEF.

Ministry to pick firms, entrepreneurs for EUR 200,000 energy efficiency program for households

The Ministry of Capital Investments called on businesses that are active in introducing energy efficiency measures to apply by August 27 to participate in its interest-free loan scheme for households. The government earmarked EUR 200,000 for the project.

Beneficiaries will be able to install biomass heating facilities, highly efficient heat pumps or split or multisplit air conditioners. They can also opt for façade insulation or to make new windows and doors.

The ministry said it would cover the interest rate and loan processing costs. Citizens are eligible for up to EUR 10,000 per person for repayment within six years.

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

Filipe Araùjo, Deputy Mayor of Porto, Portugal and Vice President of Energy Cities, one of EUSEW partner organisations

Building resilient cities: how to align competitiveness and sustainability in Europe’s energy transition?

24 March 2025 - With the new EU Institutions taking office, it seems that the main discourse has shifted from the EU Green Deal to competitiveness. This new narrative presents both a challenge and an opportunity for European cities

Vote LUCE Awards champion women s pivotal roles green transition

Vote at LUCE Awards to champion women’s pivotal roles in green transition

19 March 2025 - LUCE Awards celebrates the outstanding contributions and achievements of women leading the way in the green transition

Bring clean heating and cooling to buildings, a circular energy economy in urban environments

Bring clean heating and cooling to buildings: a circular energy economy in urban environments

18 March 2025 - Efficient heating and cooling are crucial, yet significant thermal energy is wasted. By recovering and recycling waste heat, we can create a circular energy economy in urban areas

Energy efficiency renewables rural communities Serbia Zlatibor region GIZ

Energy efficiency, renewables in rural communities in Serbia’s Zlatibor region

11 March 2025 - Rural areas around Priboj, Čajetina and Arilje in Serbia have been heavily affected for years by power cuts. However, solutions do exist