Montenegro has signed a memorandum of understanding with companies Enerflex Energy Systems and Wethington Energy Innovation from the United States on the construction of a liquefied
READ MOREMontenegro waives Pljevlja TPP overhaul, to invest in renewable energy. Montenegro''s government plans to terminate a 54 million euro ($64 million) project for a reconstruction of Pljevlja coal-fired thermal power plant (TPP) and instead use the financing to invest in renewable energy projects, the country''s capital investments
READ MOREThe Energy Development Strategy of Montenegro sets out objectives and defines mechanisms for the transition from the current energy system to a safe, competitive and environmentally acceptable energy paradigm by 2025. It also provides guidelines for the development of the energy sector with the aim of attracting investors.
READ MOREInvestment in the wind farm at Možura hill is a first step of possible cooperation between Montenegro and Malta in energy sector, prime minister Milo Đukanović said, adding he is sure that the project will be implemented within deadlines. At the meeting with the delegation from the island country, the prime minister of
READ MOREMinistry of Economy of Montenegro has announced that the total value of investments in renewable energy sources (RES) projects in that country reached almost EUR 180 million. The largest investment
READ MOREElektroprivreda Crne Gore (EPCG) and the American company UGT Renewables are implementing projects of renewable sources and electricity storage
READ MOREElektroprivreda Crne Gore (EPCG) and the American company UGT Renewables are implementing projects of renewable sources and electricity storage facilities, and the Government of Montenegro is ready to provide prerequisite financial support for development projects of national interest. This was announced during the
READ MORECanada''s government will introduce tax incentives for clean energy technologies, including solar PV, battery storage, and hydrogen. Announced yesterday by Deputy Prime Minister Chrystia Freeland as
READ MOREShare. Montenegro''s EPCG and US-based UGT Renewables signed an agreement on the joint development of projects for the production of electricity from renewable sources and energy
READ MOREWe''re consulting on the policy framework to enable investment in long duration electricity storage. This consultation ran from 9am on 9 January 2024 to 11:59pm on 5 March 2024
READ MOREMujovic added that Montenegro should start the implementation of major energy projects that could be crucial for securing a much-needed energy balance. Therefore, the construction of a pump-storage hydropower plant could be of invaluable significance. He added that Montenegro needs credible investors to offer it financial and
READ MOREMarket analysis of the energy market in Montenegro. Find aggregated data relative to energy projects, market players, latest updates and third-party market reports.
READ MOREImage: President Biden via Twitter. The Inflation Reduction Act''s incentives for energy storage projects in the US came into effect on 1 January 2023. Standout among those measures is the availability of an investment tax credit (ITC) for investment in renewable energy projects being extended to include standalone energy storage facilities.
READ MOREUAE-based renewable energy company Masdar has expressed interest in continuing and expanding its investments in Montenegro. Krnovo wind farm has power output of 72 MW, and it is expected to produce between 200 and 230 GWh of electricity per year, which is about 8 % of the national output. The cost of the project was 120 million
READ MOREIt marks the first time that the "billion-dollar barrier" has been breached during a single quarter, according to the national Clean Energy Council (CEC) trade group, which has just published its latest Renewable Projects Quarterly Report into activity in the space.. CEC said six BESS projects totalling 1,497MW of output and 3,802MWh of
READ MOREPodgorica, July 2022 Montenegro Energy and Water Regulatory Agency of Montenegro ENERGY SECTOR REPORT MONTENEGRO 2021
READ MOREaccelerate the energy transition. An additional €500m is channelled through the WBIF for the priority infrastructure projects, the Region-al Energy Efficiency Programme and guarantees to crowd-in private investments in clean energy. €30 m in budget support to Montenegro Montenegro March 2023 €605.1m IPA bilateral funding
READ MORE9 June 2021: European Investment Bank-backed fund invests in compressed air and green hydrogen combo . An Italian equity fund which counts the European Investment Bank among its institutional investors has said it will invest up to €20 million (US$24.34 million) in a startup which combines green hydrogen production and compressed air energy
READ MOREMontenegro''s power utility, Elektroprivreda Crne Gore (EPCG), and the country''s Ministry of Ecology, Spatial Planning and Urbanism, have kicked off a net metering program to enable the
READ MOREMontenegro''s potential in relation to the EU Carbon Border Adjustment Mechanism (CBAM) and its suitability as a nearshoring hub for energy-intensive industries February 27, 2024 Exploring the Investment Potential of Eco-Tourism in Montenegro: A Year-Round Luxury Market for International Eco Visitors
READ MOREEnergy companies in Montenegro plan to invest more than EUR 1 billion, of which EUR 734.6 million in the next four years,
READ MOREThe following seven investment ideas stand to benefit from the pending energy storage boom. There is no way to predict precisely how the landscape of utility and energy companies will evolve, but
READ MOREThe Balkan country on the Adriatic Sea has one coal-fired power plant which provides half of the country''s electricity – and in turn, 80-90% of its C02 emissions, according to Montenegro''s energy minister Marko Perunovic. "To be able to achieve the goals and targets of the energy transition we need to supplement this coal plant with
READ MOREAn investment of EUR 109 million is planned to improve energy efficiency in public buildings. The Ionian-Adriatic Gas Pipeline (IAP) is ranked sixth on the list. It
READ MORERES Montenegro Group received the urban planning and technical requirements for a photovoltaic facility with a connection capacity of up to 506 MW. The project in Cetinje is the biggest in Montenegro and
READ MOREMontenegro offers promising investment potentials in renewable energy integration and battery storage capacities to effectively balance new renewable energy capacity on the grid. Here are some key points highlighting the investment opportunities
READ MOREMontenegro''s transmission system operator, CGES, and Cetinje-based MEnergy have signed the first agreement on connecting a planned solar power plant of
READ MOREThe EU''s European Investment Bank has pledged support for a long-duration thermal energy storage project and a gravity-based energy storage demonstration project. They have been selected among 15 projects defined as large-scale — each requiring capital costs of more than €7.5 million (US$8.5 million) — through EU
READ MOREINTRODUCTION. Pursuant to the Energy Law ("Official Gazette of MN", no 28/10), the energy policy of Montenegro identifies the goals of the energy development of
READ MOREShare. Italian energy company Terna has put in operation an undersea power interconnector between Italy and Montenegro, built in an investment of some EUR 1.1 billion. Italian President Sergio Mattarella and his Montenegrin counterpart, Milo Đukanović, pressed the button to switch the cable on, according to Montenegrin media.
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