Renewables

Montenegro to announce auctions for renewables by 2025

Published

December 16, 2023

Country

Comments

comments icon

0

Share

Published:

December 16, 2023

Country:

Comments:

comments icon

0

Share

The European Bank for Reconstruction and Development (EBRD) expects Montenegro to hold the first renewable energy auction by 2025.

The prerequisite to conduct auctions is to introduce a renewable energy law.

The Ministry of Mining and Energy told Vijesti that the consulting team hired by the EBRD is assisting in the preparation of the Law on the Use of Energy from Renewable Sources. The goal is to bring the regulatory framework into line with the European Union’s new Renewable Energy Directive.

Remon Zakaria, head of the EBRD in Montenegro, said the international lender’s consultants would support the Government of Montenegro in the preparation of a new law to establish a regulatory framework for auctions.

The draft law should be completed by the new government, Zakaria pointed out.

Zakaria: We hope to see the first renewable energy auction in Montenegro by 2025

The law will set the basis to start activities for the introduction of auctions, the ministry adds.

The first draft is ready and the members of the working group are giving suggestions and comments, it revealed. The ministry expects that the final version will be determined in 2024 and sent to the government.

Reforms in this segment of the market are developing at different paces in different countries, depending on regulatory characteristics and relevant complexities, according to the EBRD.

The bank said it is pleased that the work has started and that the completion of the first phase of the task is so close, adding it should lay the foundation for the implementation of the competitive bidding process in Montenegro.

“We hope to see the first renewable energy auction in Montenegro by 2025,” Zakaria stressed.

For example, the first auction in neighboring Albania resulted in a solar power price of EUR 24.89 per MWh. In Serbia, the lowest accepted prices were EUR 64.48 per MWh and EUR 88.65 per MWh for wind and solar power, respectively.

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

ems ai transmission

Serbia’s TSO EMS plans to use AI in construction approvals

21 November 2024 - EMS has decided to automate its construction approval procedure by introducing state-of-the-art AI solutions

IPTO ENCS cybersecurity grid

Greece’s IPTO joins European Network for Cyber Security

21 November 2024 - The European Network for Cyber Security (ENCS) has announced that IPTO has officially joined the network as a full member

montenegro gvozd epcg nordex Ibrahim Özarslan

Montenegro’s power utility EPCG begins construction of Gvozd wind farm

21 November 2024 - Wind farm Gvozd will be the first large-scale power generation facility to be built by EPCG in more than 40 years

Bulgarian waterworks firm installs in pipe hydropower generator

Bulgarian waterworks firm installs in-pipe hydropower generator

21 November 2024 - A waterworks and sewerage firm in Bulgaria produces electricity using an in-pipe hydropower device in a supply line