Europe: TTF gas prices...

In the first week of November 2025, TTF natural gas futures traded within...

Region: Electricity prices in...

During Week 45 of 2025, electricity prices across Southeast Europe (SEE) rose sharply...

Montenegro to open first...

The Montenegrin Ministry of Energy announced that it will open bids for the...

Montenegro: Average household electricity...

The average household electricity bill in Montenegro for October 2025 amounted to 32.21...
Supported byClarion Energy
HomeSEE Energy NewsMontenegro: Nordex to...

Montenegro: Nordex to supply turbines for Gvozd wind farm

German wind turbine manufacturer Nordex has announced its first contract in Montenegro to supply equipment for the 55 MW Gvozd wind farm. The contract, placed by state-owned power utility EPCG, includes the delivery of eight N163/6.X turbines and a premium maintenance service agreement for a 25-year period.

The turbines, part of Nordex’s Delta4000 series, will be installed at the Gvozd wind farm in the municipality of Niksic. Each turbine will be mounted on 113-meter tubular steel towers, with a rated power output of 7 MW. Equipment deliveries are expected to start in November 2025, with the wind farm scheduled to be commissioned by spring 2026.

The foundation stone for the Gvozd wind farm was laid last month, marking the beginning of construction for EPCG’s first large-scale production facility in over four decades. The total project, financed through an EBRD loan, is valued at 82 million euros, with construction expected to be completed in 18 months. Once operational, the Gvozd wind farm will supply energy to around 25,000 households and reduce greenhouse gas emissions by approximately 104,000 tons annually. The entire construction and necessary infrastructure for network connection will be funded through credit facilities, with the project designed to essentially pay for itself over time.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Europe: TTF gas prices remain stable as ExxonMobil and partners sign exploration deal for Greece’s Block 2

In the first week of November 2025, TTF natural gas futures traded within a narrow range between €31.20 and €32.55 per MWh, showing limited volatility and remaining close to late-October levels. This stability reflected a short-term balance between supply...

Region: Electricity prices in SEE surge in Week 45 amid higher demand and lower renewable output

During Week 45 of 2025, electricity prices across Southeast Europe (SEE) rose sharply compared to the previous week, driven by stronger demand and lower renewable generation. Except for Türkiye, Croatia, and Italy, all SEE markets recorded weekly average prices...

Montenegro to open first renewable energy auction for 250 MW of solar capacity

The Montenegrin Ministry of Energy announced that it will open bids for the country’s first renewable energy auction on 12 November, marking a major step forward in the nation’s clean energy transition. Launched in July with support from the European...
Supported byVirtu Energy
error: Content is protected !!