The Government of Montenegro has taken a significant step towards enhancing the country’s economy by issuing urban planning and technical requirements for two major photovoltaic projects. One project entails the development of a 240 MW solar power plant in Nikšić, while the other involves the Vuča agrisolar park in Rožaje, with a connection capacity of 123.6 MW.
Approval for further development
Somsol, a company based in Podgorica, has obtained all the necessary approvals from relevant authorities for its future photovoltaic facility in Somina, located in Nikšić, Montenegro’s second-largest city.
The government has granted approval for the proposal’s urban planning and technical requirements, which serve as the foundation for the project’s further development.
Capacity
The solar power plant in Nikšić, as per the applicant’s analyses, is expected to have a maximum capacity of 240 MW. This ambitious undertaking highlights Montenegro’s commitment to expanding its renewable energy infrastructure.
Furthermore, the Government of Montenegro has also approved urban planning and technical requirements for an agrisolar park in the Vuča settlement of the Rožaje municipality. BSD Mont, the company leading this endeavor, has obtained the necessary permits from the government, paving the way for the project to progress to the next phase.
The planned agrisolar park is projected to have a peak capacity of 148.3 MW and a connection capacity of 123.6 MW. With an estimated annual production of 219.9 GWh, the park is anticipated to attract an investment exceeding EUR 200 million.
Most notably, BSD Mont has already secured the requisite opinions from relevant authorities concerning environmental protection, agriculture, forestry, cultural heritage preservation, and infrastructure connections. These comprehensive assessments demonstrate Montenegro’s commitment to sustainable development and responsible project execution.
Other incentives
In addition to these developments, it is worth highlighting that Montenegro took a proactive step in 2022 by reducing the value-added tax on the sale, installation, and imports of solar panels. This measure was implemented with the aim of attracting further investments in the renewable energy sector, fostering economic growth and sustainability.
With the approval of these large-scale photovoltaic projects, Montenegro is poised to witness significant advancements in its renewable energy sector.
These initiatives not only contribute to the country’s energy transition but also hold the potential to bolster the economy, attract investments, and create job opportunities, further solidifying Montenegro’s position as a regional leader in renewable energy deployment.