Representatives of Akuo and EPCG (photo: EPCG)
Montenegrin state-owned power utility Elektroprivreda Crne Gore has signed memoranda of understanding with Akuo, E2S Power AG, and wind fisher for a floating solar power plant, thermal batteries, and a pilot project for high-altitude wind turbines, respectively.
Memoranda of understanding (MoUs) were signed within the framework of the European Union – Montenegro Investment Conference. Domestic and European companies initiated 14 projects, including for wind and solar power, energy storage, and the electricity grid.
The two-day conference Smart Growth, Green Future: Accelerating Investment in Montenegro, held earlier this week in Luštica, near Tivat, was opened by European Commission President Ursula von der Leyen and Prime Minister of Montenegro Milojko Spajić.
Bulatović: We will develop three projects with Akuo
Ivan Bulatović, CEO of government-controlled Elektroprivreda Crne Gore (EPCG), told Balkan Green Energy News that the memorandum with French renewable energy company Akuo includes a 36 MW floating solar power plant on Slano lake.
The investment is estimated at EUR 60 million.
It is an innovative technology and it helps the environment by reducing water evaporation, Bulatović explained.
Scotto: Montenegro has everything it needs for the development of renewables
Another project within the deal is for a solar power plant, and the third one is for energy storage. On behalf of Akuo Energy, the memorandum was signed by CEO Eric Scotto.
He stressed that floating solar saves water and space while providing energy. Scotto revealed the possibility for the proposed onshore photovoltaic plant to be agrisolar.
Montenegro has everything it needs for the development of renewable energy sources – sun, wind and space, Scotto stressed.
Thermal batteries at TE Pljevlja
EPCG signed its second memorandum with E2S Power AG, based in Switzerland, for the joint development, production, and application of thermal energy storage. The ceremony was attended by Montenegrin Prime Minister Milojko Spajić.
The aim of the project is to lower the domestic utility’s CO2 emissions, primarily from the Pljevlja coal power plant.
Electricity would be purchased on the market when it’s cheap, to charge the energy storage facility and later produce steam to drive the turbine and generate electricity, Bulatović explained.
He stressed that the cooperation opens up the possibility for the application of advanced technologies enabling more efficient energy use and a reduction in CO2 emissions.
Wind fisher is developing innovative high-altitude wind turbines
“Our thermal energy storage technology, TWEST, provides concrete solutions for decarbonizing thermal power plants and stabilizing power systems that are increasingly reliant on renewable sources,” E2S Power AG CEO Saša Savić said.
The memorandum with French innovative solutions firm wind fisher envisages the development of a joint pilot project for high-altitude wind turbines. Bulatović signed it with the company’s CEO Stéphane Vidaillet.
It is an innovative idea that should take off in the future, and this is a pilot project in the testing phase, Bulatović revealed.
The company, in his words, has the technology, and Montenegro has the space where it can be tested.
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