CONSTRUCTION OF KRUŠEVO HPP
Location: Pljevlja, Piva River
Company: Elektroprivreda
Crne Gore AD Niksic
Capacity: 82 MW
Year: 2027-2030
Estimated investment: EUR 160 million
Type: hydropower plant (HPP)
Status of the project: announced
Kruševo HPP is a run-of-river project. The hydro reservoir capacity is planned to be 18 million cubic meters. The gross head and net head of the project will be 57 m and 56 m respectively. With an installed capacity of 82 MW, the HPP Kruševo project is expected to generate approximately 170 GWh annually. HPP Kruševo is considered to be the ideal upstream hydropower solution, completely contained within Montenegro’s borders. Montenegro established a strategic partnership with French state-owned energy company EDF.
SINJAJEVINA WIND POWER PROJECT
Location: Sinjajevina area
Company: N1, Sistem-MNE and Permonte
Capacity: 112.2MW
Year: the project construction is likely to commence in 2025 and is expected to enter into commercial operation in 2026
Estimated investment: EUR 360 million
Type: wind power plant (WPP)
Status of the project: permitting
Montenegro has signed its third land lease for wind power projects. The Ministry of Spatial Planning, Urbanism and State Property got a 30-year contract for the Sinjajevina area of 203 hectares. The wind power project consists of 17 turbines, each with a 6.6-MW nameplate capacity.
MODERNISATION OF PERUĆICA HPP
Company: Elektroprivreda Crne Gore AD Niksic
Capacity: installation of an eighth unit, with a capacity of 58.5 MW that will raise the overall capacity of Perućica HPP to 365.5 MW
Year: works on the reconstruction and modernisation of P erućica HPP are divided into 18 lots and are planned to be performed before 2027 Estimated investment: EUR 30 million
Type: hydropower plant (HPP)
Status of the project: n/a
As Montenegro’s oldest and most substantial hydroelectric facility, it currently supplies approximately 25% of the nation’s electricity demand. Following last year’s contract with Voith Hydro and subsequent Unit 6 modernisation, the project now advances to refurbish the three remaining power units and supporting systems. As part of the eighth turbine installation project, EPCG plans to build the 10.4-million-euro Krupac-Slano hydrotechnical tunnel.
CONSTRUCTION OF MONTECHEVO SOLAR PV PARK
Location: Cevo, the municipality of Cetinje
Company: Sun Horizon d.o.o. Podgorica (CWP Europe)
Capacity: 400 MW
Year: сonstruction will begin in 2026; commissioning is expected in the end of 2027
Estimated investment: EUR 360 million
Type: solar power plant (SPP) Status of the project: in action
The 600-hectare Montechevo Solar PV Park will deliver 650,000 MWh of clean electricity annually — enough to power 154,000 homes while eliminating 306,150 tonnes of CO₂ emissions each year.
CETINJE SOLAR PV PARK
Location: Cetinje
Company: RES Montenegro Group
Capacity: up to 506 MW
Year: the project construction is likely to commence in 2025 and is expected to enter into commercial operation in 2027
Estimated investment: n/a
Type: solar power plant (SPP)
Status of the project: announced
It is the biggest photovoltaic facility in Montenegro. Cetinje Solar PV Park is a groundmounted solar project which is planned over 130 hectares. The project is expected to generate 213.965 MWh of electricity.
CONSTRUCTION OF BIJELA WIND FARM
Location: Selo Bijela (Šavnik)
Company: Alcazar Energy
Capacity: 118.8 MW
Year: the project construction is likely to commence in 2025 and is expected to enter into commercial operation in 2027
Estimated investment: EUR 183.4 million
Type: wind power plant (WPP)
Status of the project: permitting
Bijela is set to become Montenegro’s biggest wind park. The project is expected to generate 332,685 MWh electricity and supply enough clean energy to power 20,700 households. The project is expected to offset 260,000 t of carbon dioxide emissions (CO2) a year. The original developers – Simes inženjering and Sistem MNE – will stay on to support the company based in Luxembourg in the development of the project, according to law firm Karanović and Partners, which advised the two firms. KPMG was the financial advisor.
