Renewables

Montenegro to introduce renewable energy auctions

Photo: Tania_pl from Pixabay

Published

March 5, 2022

Country

Comments

0

Share

Published:

March 5, 2022

Country:

Comments:

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

European Parliament passes electricity gas market reform

European Parliament passes electricity, gas market reform

12 April 2024 - European lawmakers adopted the energy market design reform proposal to facilitate decarbonization and ease the impact of sharp price swings

Vladimir Malinov Bulgaria caretaker cabinet quits Bulgartransgaz CEO

Vladimir Malinov joins Bulgaria’s caretaker cabinet, quits as Bulgartransgaz CEO

11 April 2024 - Dimitar Glavchev's interim Council of Ministers of Bulgaria includes Acting Minister of Energy Vladimir Malinov

Europe largest solar farm Witznitz eastern Germany

Europe’s largest solar farm Witznitz commissioned in eastern Germany

11 April 2024 - Hansainvest and developer Move On inaugurated the Witznitz solar park of 605 MW in peak capacity on coal land near Leipzig in Germany

Romania offshore wind energy law first megawatts 2032

Romania adopts offshore wind energy law to get first megawatts in 2032

10 April 2024 - More than two thirds of lawmakers voted for Romania's first offshore wind energy law, aimed at getting the first turbines online in 2032