Montenegro’s Environmental Protection Agency has required the developer of Nu Energy’s proposed 60 MW Velestovo solar-and-storage project to submit a full environmental impact assessment within two years, the agency said. It will decide whether the scheme can proceed after examining the expected effects of the installation and its associated infrastructure.
Being developed through SE Velestovo by renewable energy company Nu Energy, the project would cover about 60 hectares near the village of Velestovo, close to Cetinje. The planned investment is 50 million euros. Battery energy storage is included, but its capacity has not been specified.
The project signed a grid connection agreement with Montenegro’s transmission system operator CGES in August 2026. The agreement is a development-stage step, but does not replace the separate environmental authorisation required for construction and eventual operation. The assessment is due within two years; environmental approval is a milestone alongside engineering and financing, while schedules depend on resolving environmental, technical and commercial requirements.
The permitting process will test how quickly Montenegro can advance larger photovoltaic projects through environmental review and grid integration. Nu Energy aims to build a renewable generation portfolio of approximately 500 MW. It operates the 3.3 MW Tuzi solar plant and the 3.2 MW Zupa solar plant.
Nu Energy’s 65.6 MW Bogetici development is under construction, with commissioning targeted for 2028. In 2025, the company entered into a memorandum of understanding with China’s Cospowers Technology to examine solar-linked storage opportunities in the Western Balkans.
