EPCG assumes full ownership of 55.4 MW Gvozd wind project in Niksic

State-owned power utility Elektroprivreda Crne Gore (EPCG) has signed a shareholder agreement with renewable energy company Ivicom Holding GmbH, based in Austria, on joining project firm Green Gvozd. The project company will install the Gvozd wind farm on the Krnovo plateau in Montenegro.

In line with the shareholder agreement, EPCG willown 100 percent of the project firm Green Gvozd. The 55.4 MW wind farm will comprise 13 wind generators. The start of the construction is planned for the spring of 2022, while commissioning is scheduled for 18 months later.