Supported byClarion Energy
HomeSEE Energy NewsMontenegro: 240 MW...

Montenegro: 240 MW solar power plant Korita – a huge step towards renewable energy

In a significant move towards renewable energy, Montenegro’s Crnogorski Elektroprenosni Sistem (CGES), the majority state-owned power transmission system operator, has inked a deal with local enterprise, EE Korita. The agreement is an ambitious step towards the construction of a robust infrastructure necessary to connect a 240 MW solar power plant to the national transmission grid. The plant, located in the municipality of Bijelo Polje, is estimated to be worth over 200 million euros.

This solar power plant project signifies a substantial renewable energy initiative in Montenegro’s energy landscape. The project was announced by EE Korita in 2023, making it a pivotal part of the country’s ongoing efforts to embrace solar power and bolster its energy capacity and sustainability.

An International Endeavor

EE Korita is a wholly-owned subsidiary of EE Croatia APS, which, in turn, is part of the Denmark-based European Energy group. This multinational collaboration underscores the global interest and investment in renewable energy infrastructure, specifically in Montenegro’s burgeoning solar power sector.

Implications for Montenegro’s Energy Future

The project’s implementation will not only enhance Montenegro’s energy capacity but also play a significant role in promoting sustainable and renewable energy sources. It reaffirms the country’s commitment towards a greener future, setting a benchmark for other nations to follow. As Montenegro continues to invest in its solar power capabilities, it sends a powerful message about the vital importance of renewable energy in addressing global climate change and energy crises.

Source: BNN

Supported byClarion Owners Engineers
Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Domestic industrial PPAs open new revenue opportunities for Serbian and Montenegrin renewables

Domestic industrial demand can support renewable investment and improve electricity cost predictability, but the carbon value of a power purchase agreement depends on the products being exported and the emissions rules governing them. Renewable developers in Serbia and Montenegro have...

Montenegro’s electricity exporters need stronger PPAs to secure Italian market revenues

The Adriatic interconnector gives Montenegro's renewable generators access to Italian buyers, but investment returns depend on carbon treatment, delivery profiles and the fallback provisions built into individual export agreements. Montenegro's electricity interconnection with Italy offers renewable energy investors access to...

Montenegro construction permit issued for 88 MW Korita wind farm near Bijelo Polje

Montenegro has issued a construction permit for the 88 MW Korita wind farm near Bijelo Polje, moving the project towards implementation. The authorisation was granted following completion of planning and environmental approval procedures. The permit was issued to local...
Supported byVirtu Energy