Montenegro’s state-owned power utility EPCG plans to begin construction of the 21 MW Gvozd II wind farm this year, following the start of the 55 MW Gvozd I project in late 2024. According to Ivan Mrvaljević, head of EPCG’s development and investment department, the development of Gvozd II will involve securing an additional credit agreement with the company’s existing partners on the Gvozd I project.
In November, a consortium led by German wind turbine manufacturer Nordex laid the foundation for the Gvozd I wind farm in the northwestern municipality of Nikšić. The 82 million euro project is fully financed through a loan from the European Bank for Reconstruction and Development.
Milutin Đukanović, chairman of EPCG’s board of directors, stated that construction of the Gvozd II wind farm will begin immediately after the completion of Gvozd I. He expects Gvozd I to be operational by late 2026, with an estimated annual electricity output of approximately 150 MWh.
Currently, work is underway to build 9.5 kilometers of access roads for the Gvozd I project. Delivery of key wind turbine components is scheduled to begin at the end of the third quarter or the start of the fourth quarter of 2025, with installation to follow immediately afterward.
