The construction of the “Ubli 1” solar power plant, valued at nearly five million euros, marks a significant step toward a greener, self-sustainable energy future for Montenegro, demonstrating that economic development can coexist with environmental preservation.
At the official opening in the Ubli settlement, the Ministry of Energy and Mining’s Admiral Šahmanović emphasized that the energy transition is happening now, not in some distant future. He highlighted that this project reflects a vision of sustainable and economically viable energy policy built on cooperation between the state and responsible investors, aiming for energy sovereignty and ecological balance. Šahmanović stressed that solar energy is not only a power source but also a driver of job creation, technological progress, regional cooperation, and economic stability.
Danijela Jović, financial advisor and coordinator of the Vezuv consortium, pointed out that such projects represent hope for Montenegro’s path to energy sustainability, climate change mitigation, and greenhouse gas reduction. The project is a partnership between local company System MNE, experienced in power plant design, and its foreign partner Finanzza Holdings Limited from Cyprus, part of the Vezuv consortium investing solely in green energy. Jović underscored the importance of continued understanding and trust to attract global investors and preserve nature for future generations.
Natalija Radonjić from System MNE described the project as more than a technical achievement; it symbolizes progress toward a greener, sustainable future, especially for Podgorica and the surrounding region. The plant features 9,288 solar panels, 17 inverters, 51 km of DC cables, 4.5 km of Ethernet cables, and two transformer stations, producing 5 MW of power with an annual output of 8 GWh, saving 5,561.65 tons of CO₂ emissions annually.
Professor Radoje Vujadinović, Dean of the Faculty of Mechanical Engineering at the University of Montenegro, praised the project as a practical realization of academic knowledge and a milestone for sustainable development. He stressed the university’s role in fostering practical education and supporting Montenegro’s energy transition. Vujadinović highlighted that the plant converts previously unused karst terrain into a renewable energy source capable of supplying over 1,500 households while significantly reducing carbon emissions.
He expressed hope for faster implementation of future energy projects nationwide with full cooperation from local communities, NGOs, municipalities, government institutions, and energy companies. Vujadinović concluded that energy is a crucial development opportunity Montenegro must seize and encouraged the smart utilization of underused spaces for renewable energy across the country. He also welcomed investor interest in wind energy, committing the university to remain a dedicated partner in Montenegro’s decarbonization journey.
