EPCG pushes investment for Gvozd wind project
Elektroprivreda Crne Gore (EPCG) is pushing for the development of the EUR58 million (US$64.77 million) Gvozd wind project in Montenegro in partnership with Austria’s Ivicom Holding. The shareholders of EPCG have approved an investment into a joint EUR 58 million (USD USD 64.77 million) project with Austria’s Ivicom Holding to build the wind farm.
The 50 MW wind farm will be built on the Gvozd-Krnovo location in the municipality of Nikšić. The project is expected to produce up to 140 GWh of electricity annually.
The construction of the wind farm is expected to start in 2020 with the commissioning set in 2022.
Country updates
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August 14, 2019
Enemalta to launch Montenegro's 46 MW Mozura wind farm in September
Shanghai Electric Power Engineering has completed the works on the installation of a total of 23 turbines at Mozura wind farm, Montenegro and according to the plans by Enemalta plc, the farm should st...
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October 22, 2018
Fortum, EPCG place best bid in 200 MW solar plant tender in Montenegro
The commission handling tendering for the Briska Gora solar project selected the Fortum-EPCG consortium as the top bidder. The IREDL consortium is second-ranked, while the Montesolar consortium’...
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June 08, 2018
Krnovo produced 11,589 MWh of electricity in April, down 34% on the previous month
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May 21, 2018
Elektroprivreda Crne Gore has signed a Memorandum of Understanding (MoU) with Ivicom for the construction of the project, which will be financed through loans which will mostly be provided by international financial institutions
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May 14, 2018
Montenegro's electricity market operator COTEE has released data that shows that the wind farm had the largest contribution to the country's renewable energy output produced under incentive schemes - 30,053 MWh in March, rising from 12,943 MWh in the like period of 2017
