Montenegro

/LONDON, March 13, 2026, 10:00 GMT, RENEWABLE MARKET WATCH™/ The European Bank for Reconstruction and Development (EBRD) has announced its commitment to support Montenegro's energy infrastructure by extending a loan of up to €15 million to Crnogorski Elektroprenosni Sistem (CGES), the nation’s electricity transmission system operator. This financial assistance is aimed at facilitating the comprehensive upgrade of a crucial 220 kV overhead transmission line that serves as a vital link between Montenegro and its neighbouring countries, Albania and Bosnia and Herzegovina.

/PODGORICA, MONTENEGRO, February 11, 2025, 11:00 CET, GGF, RENEWABLE MARKET WATCHTM/ The Green for Growth Fund (GGF) has established a partnership with Lovćen Banka, Montenegro by signing of loan agreement of EUR 3 million. This loan facility will enable Lovćen Banka to expand its green lending portfolio, providing dedicated financing to businesses investing in sustainable practices and smaller-scale renewable energy projects, boosting the region’s resilience and energy independence.

/LONDON, July 2, 2024, 10:00 BST, RENEWABLE MARKET WATCHTM/ A solar power plant with a capacity of 120 MW will soon be built near the town of Kosanica in the municipality of Pljevlja in Montenegro, and preliminary construction and technical permit have already been issued. The company Kosanica Solar is the applicant for this plant. The documentation states that the area would be used for sustainable agricultural production, according to the so-called agrivoltaic (agrisolar) concept.

/LONDON, March 16, 2023, 11:00 GMT, RENEWABLE MARKET WATCHTM/ Between 2012 and 2022, the Western Balkan Countries increased their solar power capacity 11 times. Western Balkans became one of the fastest-growing regions in Europe, with a 28.1 per cent increase in cumulative solar photovoltaic (PV) installed capacity in 2022 compared with 2021. The number of fully permitted and ready-to-build projects is promptly increasing. The rooftop solar PV market segment in many countries in this region is underdeveloped and is forecasted to grow significantly. Energy demand in the region is constantly increasing,…

/LONDON, December 12, 2022, 11:00 GMT, RENEWABLE MARKET WATCHTM/ This market report offer an incisive and reliable overview of the solar photovoltaic power sector of Western Balkan countries for the period 2023 ÷ 2032. Newly installed PV capacity in this region will exceed several GWs in the next 5 years. The number of fully permitted and ready-to-build projects is promptly increasing. The rooftop solar PV market segment in many countries is not developed and is forecasted to score significant growth soon. Energy demand in the region is constantly increasing, according to…

/28th January 2021, Vanora Bennett, EBRD, RENEWABLE MARKET WATCHTM/ The Organisations behind the Platform Initiative in Support of Coal Regions in Transition in Western Balkans and Ukraine agreed to join efforts to support the transition away from coal and towards a low-carbon and climate-resilient future in the Western Balkans and Ukraine. Participants including the European Bank for Reconstruction and Development (EBRD),World Bank Group, the College of Europe (Natolin campus), the Energy Community Secretariat, the European Commission and the government of Poland kicked off discussions on how to support the regions in phasing out…

/26th October 2020, Dnevne Novine, Crnogorski ekonomski portalBankar.me, RENEWABLE MARKET WATCHTM/ The Government of Montenegro stated that all preconditions have been created for the construction of the solar power plant "Briska Gora" on an area of ​​as much as 925.25 hectares, is twice as large as previously planned, Dnevne Novine writes. Amendments to the Spatial Development Plan in Ulcinj, Montenegro propose to increase the zone for the construction of a solar power plant from 467 hectares to 925.25 hectares. "It is proposed to increase the solar power plant's capacity from 118 MW to…

/1st October 2020, EBRD, RENEWABLE MARKET WATCHTM/ The EU has one of the most ambitious energy and climate policies in the world. Its clean energy transition is well underway. "I am glad that benefits already can be seen in terms of "greening" of economies, less dependency on imported fuels, and greater domestic investments in ecologically sound approaches", said Christian Danielsson, Director General for European Neighbourhood Policy and Enlargement Negotiations.