Recent data highlights the increasing significance of renewable energy in Montenegro’s electricity production, as reported by EPCG Solar Gradnja.
“Our pride and leadership in this sector are evident through our solar power plants, which contributed 4.05% to EPCG’s total production. This equates to nearly 6 GWh, an outstanding achievement that surpasses the results of many larger and more developed countries with their energy systems,” stated EPCG Solar Gradnja.
The company also noted that with almost 5000 solar power plants installed under the Solari projects, boasting a total installed capacity of 50 kW, there is no longer any doubt that green energy will continue to become a dominant energy source through their dedicated and efficient work, benefiting both citizens and the state.
“Hydropower plants accounted for 56.97% of the remaining energy, while the Pljevlja Thermal Power Plant contributed 38.98%,” they added.
Montenegro enjoys excellent solar potential, with over 200 sunny days annually. This makes the installation of solar panels cost-effective for households, businesses, public institutions, and major consumers. Not only does it reduce electricity bills, but it also mitigates the impact of fluctuating electricity prices on the market in recent years, partly due to poor hydrological conditions.
“It is crucial to maximize all opportunities for production from new sources, especially environmentally clean and free sources like solar energy,” emphasized EPCG Solar Gradnja.
The mass installation of solar panels was initially launched by Elektroprivreda Crne Gore with its subsidiary Solar Gradnja, offering users a loan arrangement with a repayment period of up to 10 years and a 20% subsidy.
“Investing in renewable energy sources is a priority in the energy sector and one of the essential conditions of the European Green Deal that we must fulfill in the upcoming period. We also want to clarify that this analysis does not include facilities where owners have hired private companies for the construction of solar power plants. Ultimately, we are confident that with a stronger pace of installation, next year’s renewable energy production will reach an even higher, European level,” concluded the statement.
