Montenegro is advancing its green energy initiatives through a landmark partnership between its state-owned power utility, EPCG, and French renewable energy company Akuo Energy. Together, they are planning new floating solar and battery storage projects. These developments, backed by a €1.3 million grant from the United States for feasibility studies, will enhance the country’s energy security and accelerate its transition to renewable energy sources.
Floating Solar on the Slano Reservoir: Powering Montenegro green energy
Montenegro is preparing to launch its first floating solar project on the Slano Reservoir near NikÅ¡ić. As a cornerstone of the EPCG-Akuo Energy collaboration, the Ministry of Capital Investments has invited tenders for a feasibility study to assess the project’s technical, environmental, and economic aspects. The study will identify suitable locations within the reservoir for the solar panels, which require a specialized solar panel manufacturing process to withstand aquatic conditions.
The floating solar project aims to generate 20 MW of electricity, contributing to Montenegro’s goal of achieving energy independence. This initiative is part of a larger, integrated plan that includes a €12 million project to build a hydrotechnical tunnel linking the Slano and Krupac lakes, optimizing water management for both hydropower and the new solar installations. This will be the first floating solar park of its kind in Montenegro, marking a significant step in the country’s renewable energy journey.
Battery Storage in Podgorica for Montenegro green energy
In addition to the floating solar project, Montenegro is also developing a 20 MW battery storage system in Podgorica. The Ministry of Capital Investments is seeking feasibility studies for this project as well, which is another key component of the EPCG-Akuo partnership. The battery system will store energy generated from renewable sources, helping to balance supply and demand in the national grid and improve resource management in the Niksic valley region.
The United States has pledged €1.3 million to support the feasibility studies for both the floating solar and battery storage projects. This funding will ensure the projects are viable, strategically planned, and aligned with Montenegro’s long-term energy transition goals.
Montenegro’s Renewable Energy Goals: Advancing Montenegro green energy
Montenegro is committed to increasing its renewable energy capacity, with a goal of meeting 50% of its electricity needs from renewable sources by 2030. Currently, hydropower accounts for over 60% of the country’s electricity generation. However, Montenegro is rapidly expanding its renewable energy mix by developing wind, solar, and battery storage projects, reflecting the dynamism of the country’s solar energy market.
The government is also working on other renewable energy projects, including a solar power plant in Pljevlja and a wind farm in Budva. These initiatives are part of Montenegro’s broader strategy to diversify its energy sources and reduce carbon emissions.
Economic and Environmental Benefits of Montenegro green energy
The construction of the floating solar and battery storage projects is expected to boost Montenegro’s economy by creating jobs and attracting investment across the supply chain, from the sourcing of solar panel raw materials to grid integration. The projects will also improve the stability of the national grid, ensuring a reliable electricity supply for both households and businesses.
Environmentally, the projects will reduce Montenegro’s carbon footprint and help the country meet its climate targets. By increasing its renewable energy capacity, Montenegro will reduce its reliance on fossil fuels and decrease greenhouse gas emissions.
Global Trend of Floating Solar Projects and Montenegro green energy
Floating solar projects are gaining popularity worldwide due to their efficiency and ability to utilize existing water bodies, a key part of evolving global solar trends. These installations reduce water evaporation, improve solar panel performance through the cooling effect of water, and minimize land use conflicts. Countries like China, Japan, and the United States have successfully implemented large-scale floating solar projects, demonstrating their potential to transform the renewable energy landscape.
Montenegro’s floating solar project on the Slano Reservoir will serve as a model for future renewable energy initiatives in the region. The success of this project could pave the way for additional floating solar installations across the Balkans, where renewable energy investment is growing, as seen in recent deals in neighboring Croatia.
Montenegro’s strategic initiatives position it as a regional leader in the green transition. By embracing innovative technologies and international partnerships, the country is building a resilient and sustainable energy future. To learn more about the fundamentals of this technology, you can explore the basics of solar panel manufacturing or deepen your knowledge with our free e-course.
