Montenegro’s state-owned power utility EPCG is advancing steadily toward the commissioning of its first wind power plant, the 55 MW Gvozd project, with trial operations expected to begin before the end of 2025. Installation of the turbines, supplied by Germany’s Nordex, began in October. According to project manager Nikola Vukotić, the transport of all turbine components to the construction site is progressing well and should be completed by late November.
The main construction phase started in late 2024, when a Nordex-led consortium broke ground near the village of Gvozd on the Krnovo plateau in the municipality of Nikšić. The wind farm will feature eight N163/6.X Delta4000-series turbines, supported by a long-term, 25-year delivery and service agreement with Nordex. The European Bank for Reconstruction and Development (EBRD) is financing the project with an €82 million loan.
EPCG is already preparing the next development stage. Following completion of the initial wind farm, the company intends to launch the Gvozd 2 expansion, which will add three more turbines and boost total installed capacity to 75 MW. To advance this upgrade, EPCG secured an additional €26 million loan from the EBRD in August. The expanded facility is expected to be fully operational by the end of 2026.
The combined output of the wind farm is projected at approximately 200,000 MWh per year. According to EPCG board chairman Milutin Đukanović, this generation level should generate close to €20 million in annual revenue for the utility.
