Renewables

Montenegro to abolish incentives for renewable energy projects

Montenegro to abolish incentives for renewable energy projects

Published

July 23, 2021

Country

Comments

0

Share

Published:

July 23, 2021

Country:

Comments:

0

Share

Montenegro has reached its national target for the share of renewable energy, set at 33%, so the government will soon repeal the decree on incentive prices for electricity.

Minister of Capital Investments Mladen Bojanić said that the Government of Montenegro has adopted a report confirming that the share of renewable energy in total final consumption in Montenegro was 39.75% in 2018, and 38.69% in 2019, which means that the national target, of 33%, has been met.

The ministry will propose to the government to repeal the decree on incentive prices for electricity as soon as possible, said Bojanić, adding that the status of privileged power producer will not be granted anymore.

The government has announced that it has adopted the information on the implementation of the national action plan for the use of renewable energy until 2020 for the period 2018-2019 as well as the report on the implementation of the national action plan for the use of energy from renewable sources until 2020 for the period 2018-2019.

The abolition of incentives is envisaged by the law on energy

Based on the report, the government has determined that the national target of 33% share of renewable energy in the total final energy consumption in Montenegro has been met (in 2018 it was 39.75%, and in 2019, 38.69%) and, in accordance with the law on energy, it will cease to incentivize the construction of new facilities for the production of energy from renewable sources, the government said.

The energy law stipulates that the government must stop incentivizing the construction of new facilities for the production of energy from renewable sources, and the energy regulatory agency will suspend the granting of the status of privileged producer, in case the national target is reached.

Montenegro has been supporting renewable energy producers through feed-in tariffs.

Tags:
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

woodburn magna PPA croatia

Woodburn Capital Partners inks PPA with automotive company Magna

20 May 2024 - Automotive company Magna has signed its first ever power purchase agreement (PPA), with Woodburn Capital Partners

GGF Kostadinov Green investment inflection point many countries

GGF’s Kostadinov: Green investment is nearing inflection point in many countries

20 May 2024 - The Balkans require a critical mass of renewables development to unleash green investment, Borislav Kostadinov from GGF said at Belgrade Energy Forum

western-balkan-power-utilties-decarbonization-plans

Decarbonizing Western Balkan power utilities: ambitious but flexible plans, with focus on investments and new technologies

17 May 2024 - Power utilities in the Western Balkans have ambitious goals for 2050, but are flexible in mapping the path because the development of technologies is unpredictable

Banks Serbia receiving lot requests grid connection guarantees Belgrade Energy Forum

Banks in Serbia receiving lot of requests for grid connection guarantees

17 May 2024 - Banks in Serbia are receiving numerous requests for guarantees for renewables requiring grid connection and most investors have firm collateral instruments, according to speakers at Belgrade Energy Forum