Montenegro’s Ministry of Economy has invited bids for a 30-year lease to 6,621,121 square meters of state-owned land to design, build, operate, and maintain a solar plant with an installed capacity of more than 200 MW.

The minimum required bid for the solar plant project is EUR 0.05 per square meter a year, or a total of some EUR 331,056 annually. This means the lease would cost no less than around EUR 9.93 million over the 30-year period.

The land in question is on the Briska Gora location in the municipality of Ulcinj.

Construction on the solar plant is to be carried out in phases, with Phase 1 to involve building at least 50 MW of capacity within 18 months of signing the land lease agreement, and Phase 2 the remaining capacity within 36 months of the signature.

The deadline to submit bids expires on September 3.