Montenegro has officially put into operation its largest ground-based solar power plant, Ubli 1, located in the settlement of Ubli. With an investment of nearly 5 million euros, the plant is expected to produce about 8 GWh of clean electricity each year. It is projected to cut carbon dioxide emissions by more than 5,500 tons annually.
The inauguration ceremony underscored the significance of this project in helping Montenegro move toward renewable energy and combat climate change. Danijela Jovic, financial advisor and coordinator of the Vezuv Consortium, stated that initiatives like this solar facility are an important step forward in achieving the country’s environmental goals and energy independence.
Ubli 1 is a result of collaboration between the Montenegrin company System MNE, which has decades of experience designing power plants, and its international partner Finanzza. The foreign investor provided funding and technical expertise through its team of professionals. Finanzza is a member of the Vezuv Consortium, which focuses exclusively on renewable energy projects.
Jovic expressed hope that this is just the first of many green initiatives in Montenegro. She added that investing in renewable energy can attract major international investors to the country, but success will require ongoing cooperation, trust and a shared view on environmental responsibility.
