Montenegro's €646M Renewable Push Adds 639 MW of Clean Energy Capacity
Montenegro’s state power company EPCG is pushing ahead with a major expansion in renewable energy. The utility is developing a range of projects, including solar, wind, hydropower, and battery storage. Together, these initiatives will add over 639 MW of capacity and require investments totalling around €646.5 million.
EPCG’s own projects cover several technologies. Solar power plants under its direct control will provide 221.1 MW of capacity, generating an estimated 299 GWh each year. Rooftop solar systems, installed by prosumers, add another 209.1 MW and are expected to produce 245 GWh annually.
Wind energy is also part of the plan. The Gvozd 1 and 2 wind farms will contribute 75.6 MW, with an annual output of 227 GWh. Hydropower projects, meanwhile, account for 71.7 MW and should deliver 135 GWh per year. A 60 MW battery energy storage system (BESS) is set to be built at EPCG’s Željezara Nikšić steel mill. This facility will store up to 240 GWh, helping balance supply and demand. Combined, all these projects aim to generate over 1 TWh of electricity annually. Beyond its direct investments, EPCG is working with private partners to expand further. The total portfolio, including strategic and potential collaborations, exceeds 4,636 MW.
The new projects will significantly boost Montenegro’s renewable energy capacity. With an expected output of more than 1 TWh per year, they mark a major step in the country’s energy transition. EPCG’s investments also signal growing reliance on cleaner power sources across the region.
