Montenegro plans to generate 3,798 GWh of electricity in 2026, an increase of approximately 57.6% compared to projected output for 2025. The sharp rise is primarily attributed to the restart of the Pljevlja Thermal Power Plant following its ecological reconstruction, as well as higher production from solar facilities and the expected commissioning of the Gvozd wind farm.
These projections are outlined in Montenegro’s 2026 Energy Balance, adopted by the Government at its most recent session.
Under the Energy Law, the national energy balance includes separate balances for electricity, coal, oil and petroleum products, biofuels, natural gas, thermal energy for district heating/cooling and industrial use, and biomass.
According to the Government, electricity generation in 2026—measured at the plant gate—is expected to reach 3,798 GWh, driven by the return of the Pljevlja plant and substantial growth in solar energy output. This level of production would create a surplus of 398 GWh for the year. The 54 MW Gvozd wind farm is scheduled to enter operation as well.
State utility EPCG plans a phased commissioning of commercial solar power plants, with total installed capacity reaching 84 MW by the end of 2026. In addition, ongoing implementation of the Solari 5000+ program will add new capacity, complementing the previously completed Solari 3000+ and Solari 500+ projects. Together, these initiatives are expected to provide around 105 MW of solar capacity by the end of next year.
Alongside EPCG’s projects, several privately financed commercial solar plants are currently under construction or in trial operation. Their combined installed capacity is expected to reach 25 MW by the end of 2026.
If all planned developments proceed on schedule, Montenegro’s total installed solar capacity will rise to approximately 215 MW, while the combined installed capacity of all power plants nationwide will reach 1,320 MW.
The 2026 Energy Balance was prepared using data provided by EPCG, the Montenegrin Electricity Distribution System, the Montenegrin Transmission System, domestic electricity producers, the Pljevlja Coal Mine, and oil companies, which submitted projections for petroleum product volumes expected to enter the Montenegrin market.
The Government emphasized that securing adequate quantities of all energy sources is essential for meeting Montenegro’s economic and social needs in 2026. It called on all energy companies and relevant institutions to fully implement the measures outlined in the Energy Balance.
