Renewables

Montenegro to introduce renewable energy auctions

Photo: Tania_pl from Pixabay

Published

March 5, 2022

Country

Comments

comments icon

0

Share

Published:

March 5, 2022

Country:

Comments:

comments icon

0

Share

Montenegro will join other countries in Southeastern Europe that conduct auctions as a model to support the development of renewable energy sources. Almost all countries in this part of Europe have announced they would introduce them. So far auctions have been held in Albania, Croatia, Greece, North Macedonia and Turkey.

The Ministry of Capital Investments of Montenegro has announced the introduction of auctions within a comprehensive program for raising the share of solar power plants and wind farms in the country’s energy mix, all with the technical support of the European Bank for Reconstruction and Development (EBRD).

Of note, the EBRD has helped other countries in the region, such as Albania, Kosovo*, Serbia, to introduce auctions, which it considers a number one tool for renewable energy growth.

The auctions will be introduced in cooperation with the EBRD

According to the ministry, the program in Montenegro will certainly include a revision of the legislation in order to clarify the framework for competitive procurement of energy from renewable sources and the appropriate support mechanism, as well as the design and implementation of auctions.

The ministry believes that competitive bidding, through which support will be provided under a market-based scheme, would enable the installation of new production facilities at competitive prices while achieving market integration goals. Everything is in line with obligations from the Energy Community Treaty, the ministry added.

The ministry will prepare a new law on renewables

These activities will enable Montenegro to use its wind and solar resources and encourage the use of clean energy in the energy sector, the ministry said.

Montenegro will also prepare a new law on renewable energy sources, which will be developed as part of cooperation with the EBRD.

The law will define the rules for providing support to renewable energy projects, and the transition mechanisms until the establishment of the day-ahead market.

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

Turkish geothermal power plant operator drill for geothermal lithium

Turkish renewables firm to drill for geothermal lithium

26 July 2025 - Margün Energy intends to search for lithium in geothermal water in western Turkey, where it took over a 12 MW geothermal power plant

eu smart meters acer list slovenia croatia

Slovenia tops EU list for most smart power meters, Croatia among laggards

25 July 2025 - At the top of the list of European Union member states with the highest number of smart meters are the Scandinavian countries and Italy

serbia wind farm plandiste nis met dubravka djedovic

Government of Serbia interested in taking over Plandište wind project

25 July 2025 - Plandište is one of the projects that obtained feed-in tariffs under the first quota of 500 MW for wind power plants in Serbia

Project 81 MW solar park on coal mine in Montenegro

Project underway for 81 MW solar park on coal mine in Montenegro

24 July 2025 - The Government of Montenegro gave a provisional green light for a solar power plant of 81.1 MW in peak capacity on coal land in Pljevlja