By the end of this year, the Gvozd wind farm, with a capacity of 55 MW, is set to start trial operations. The €82 million investment, supported by KfW Bank, marks a significant milestone in Montenegro’s renewable energy development. Construction of Gvozd 2, a smaller 21–22 MW wind facility, is expected to commence in early 2026.
EPCG’s Board Chairman Milutin Djukanovic outlined the company’s main strategies for the energy transition: generating electricity close to the point of consumption, integrating solar power into existing hydropower facilities, and developing battery storage. He explained that localized production is key to a successful energy transition and that hydropower sites provide a strong technical basis for adding solar components. However, these initiatives will be less effective without robust battery storage.
EPCG also announced the conclusion of the tender process for adding an eighth generating unit at HPP Perucica. The new 58 MW unit is slated to come online in 2027.
Djukanovic stressed the success of initiatives such as the 3,000+ solar rooftop project, which has added 35 MW across 3,500 rooftop installations. The ongoing 5,000+ project has already surpassed its halfway point, adding 40 MW and involving more than 4,000 consumers. The ambitious 10,000+ program is expected to launch in mid-2026.
Preparations are underway for large-scale solar developments, including the 50 MW Krupac solar park, the 150 MW Stedim project, four smaller facilities in Kapino Polje totaling 50 MW, and additional capacity at the Zeljezara Niksic site, where 10 of the planned 30 MW have already been installed.
Battery storage is a key piece of this strategy. A public tender will soon be called for two 30 MW/120 MWh storage systems. EPCG aims to have a total of five such facilities by the end of 2027, delivering a combined storage capacity of 600 MWh.
Djukanovic also announced a forthcoming tender for the construction of a tunnel to connect the Krupac and Slano reservoirs — a project valued at €12 million — as part of a broader plan to maximize the Niksic field’s water resources. The total investment could surpass €1 billion and generate up to 700 MW of new hydropower. He stressed that the energy transition offers a significant opportunity for progress but also carries risks if not addressed promptly. Djukanovic called for constructive dialogue and practical solutions to improve existing strategies.
