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

Serbia drafts just transition action plan public debate

Serbia drafts just transition action plan

30 May 2025 - The Ministry of Mining and Energy has published a draft just transition action plan and launched a public debate

Regional Power Sector Exchange Western Balkans disitribution system operator dso grids ohrid giz

Third Regional Power Sector Exchange in Ohrid: Power grids at core of energy transition

30 May 2025 - The third Regional Power Sector Exchange of the Western Balkans gathered over 80 energy professionals from the Western Balkans

two solar power plants egesa enerji vojvodina

Turkish Egesa Enerji to build two solar power plants in Serbia’s Vojvodina province

30 May 2025 - Turkish company Egesa Enerji has launched a project to build two solar power plants in Vojvodina, with a total nominal capacity of 8.6 MW

Green for Growth Fund partnership Swedish International Development Cooperation Agency Sida

Green for Growth Fund launches partnership with Swedish International Development Cooperation Agency

30 May 2025 - GGF and the Swedish International Development Cooperation Agency are expanding green lending in the Western Balkans and the EU's Eastern Neighborhood