State-owned Montenegrin power utility EPCG has launched Solari 3000+ and Solari 500+ projects for households and small enterprises, which envisage the installation of solar panels up to 10 kW on rooftops of residential building and between 10 and 30 kW on rooftops of commercial buildings.
After launch the public calls for financing the projects (worth 30 million euros) and the procurement of the equipment (worth 19.9 million euros), EPCG has established a new subsidiary – EPCG Solar Gradnja, which will supervise the implementation of these projects.
The Solari 3000+ and Solari 500+ project represents the beginning of the energy transition in Montenegro and one of the most significant investments in the energy sector in the last 40 years. EPCG added that the goal of the project is to reduce CO2 emissions to a minimum and preserve the environment through the energy transition.
This project will enable 3,000 households to install solar panels of the roof of residential buildings and become prosumers, as well as 500 small enterprises.
The public call for the allocation of funds for financing the Solari 3000+ and Solari 500+ projects announced by EPCG in early August received eight applications. The bids were submitted by the Investment Development Fund, Erste Bank Podgorica, First Bank of Montenegro, Energy Tech Industry Norway, consortium of CKB Bank and NLB Bank, Ziraat Bank, Shanghai Electric and Zapad Bank, while Progres submitted a bid for the installation of solar panels.
