Electric Power Industry of Montenegro (EPCG) is poised to embark on an ambitious green transformation by constructing the country’s largest solar power facility, Velje Brdo, with a capacity of 200 MW. This landmark project is anticipated to usher in a new era of renewable energy in Montenegro, powering approximately 35,000 households upon its completion in 2026.
EPCG solar expansion project at Velje Brdo
EPCG has unveiled its plans to develop Velje Brdo, situated around 20 kilometers from Podgorica, the capital of Montenegro. This monumental project, set to become the largest solar power plant in the nation, is a crucial element of Montenegro’s commitment to renewable energy. As the company gears up to issue a public call for contractors, it has already secured the necessary concession to bring this vision to fruition.
Financing the EPCG solar expansion and wind initiatives
With an estimated cost of €150 million, EPCG plans to secure financing for the Velje Brdo solar power plant through loans. The selection process for contractors is underway, and EPCG is diligently analyzing proposals to ensure the project’s success. In tandem with this solar venture, EPCG is advancing a 50 MW wind farm project along the coast, slated for completion by the end of 2025. These initiatives collectively represent EPCG’s strategic push to enhance the renewable energy landscape in Montenegro.
EPCG solar expansion in the broader renewable energy strategy
EPCG’s commitment to renewable energy is evident in its diverse portfolio. Alongside Velje Brdo, the company is progressing with the Briska Gora solar power plant, boasting a 50 MW capacity, and a smaller scale 1.9 MW project in Pljevljima. Looking to the future, EPCG is exploring a 100 MW solar power project at the Vrtac reservoir, which, if realized, will further bolster Montenegro’s renewable energy capacity.
Beyond solar, EPCG is diversifying its renewable endeavors. In collaboration with potential partners from Germany and Croatia, the company is contemplating the development of a 50 MW biogas power plant. This initiative aims to enrich Montenegro’s energy mix and diminish the country’s dependence on fossil fuels.
Future plans and energy storage supporting EPCG solar expansion
In a forward-thinking move, the Montenegrin government is planning to implement a 200 MW energy storage system. This initiative is designed to store energy generated by both wind and solar power plants, ensuring a reliable electricity supply even during periods of low renewable output. Expected to be operational by 2027, this system will rank among the largest in the region, underscoring Montenegro’s commitment to a sustainable energy future.
These concerted efforts mark a transformative stride for Montenegro as it transitions to renewable energy. By investing significantly in solar, wind, biogas, and energy storage, Montenegro is poised to reduce its carbon footprint and enhance its energy independence. EPCG’s solar power projects, including Velje Brdo, will be instrumental in shaping Montenegro’s renewable energy trajectory. Through a steadfast focus on sustainable development, Montenegro is positioning itself as a leader in the regional energy transition.
