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Montenegro: Green Gvozd shortlists six bidders for Gvozd wind farm consultancy

Green Gvozd, a wholly-owned subsidiary of the state-owned power utility EPCG, has shortlisted six international bidders for the consultancy role in the construction of the 55 MW Gvozd wind farm. This tender was launched in July.

The shortlisted bidders, as announced by the European Bank for Reconstruction and Development (EBRD), include:

  • Akuo Energy Med (Croatia)
  • A consortium comprising Dornier Suntrace (Germany), Windcraft Engenharia (Brazil), and Colenco (North Macedonia)
  • A consortium led by Forte Renewables (Netherlands), which also includes Decon International (Germany) and Abkons (Albania)
  • Fractal (Croatia)
  • GOPA-International Energy Consultants (Germany)
  • An Italian joint venture of Cesi-Pondera

Last year, the EBRD announced an €82 million loan to EPCG and Green Gvozd to finance the construction and operation of the Gvozd wind farm, marking the first such project for EPCG. Upon completion, the wind farm is expected to generate enough electricity to meet the annual demand of over 25,000 households and save at least 104,000 tons of CO2 emissions annually. It will be the second wind farm in Montenegro financed by the EBRD, following the 72 MW Krnovo wind farm.

In May, EPCG CEO Ivan Bulatovic indicated that construction of the Gvozd wind farm is expected to begin soon, with ongoing negotiations with wind turbine manufacturer Nordex regarding the supply of equipment for the project.

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