French developer Qair is preparing the 64.8 MW Momče wind farm near Podgorica, a project comprising nine turbines across approximately 52 hectares. The development forms part of Qair’s estimated 220 MW Montenegro portfolio, which includes both wind and solar projects targeted for development from 2028 onwards.
Investment required for a wind farm of Momče’s size is estimated at approximately €90 million to €120 million, based on installed wind-generation costs of €1.4 million to €1.85 million per MW and assuming no exceptional transmission requirements. At an estimated 30 to 37 per cent capacity factor, the project could generate approximately 170 GWh to 210 GWh of electricity annually.
The wind project has a different generation and financial profile from EPCG’s solar portfolio. Wind generation can contribute more electricity during evening and winter periods and weather-driven scarcity events, while having lower exposure to the midday price pressure associated with increasing solar generation. Wind projects also involve higher turbine capital and maintenance costs. Development and permitting requirements include road construction, foundations, transport routes, aviation constraints and environmental considerations.
Grid access remains a key factor for the project’s financing. Wind generation could encounter local transmission congestion during periods of strong regional wind conditions, although its output is less closely correlated with the expanding solar fleet across the Balkans. A diversified renewable portfolio combining hydropower, wind, solar, batteries and pumped storage provides a different generation profile from an equivalent volume of solar capacity developed separately.
