Solar power plant (150 MW) project in Montenegro
Montenegro, a small Balkan country, is increasingly embracing solar energy as a key component of its renewable energy strategy. With abundant sunshine throughout the year, the potential for solar projects is significant. The Montenegrin government has introduced various incentives to encourage investment in solar energy, including feed-in tariffs and support for photovoltaic installations.
Notable projects include the large-scale solar power plant in Crnogorski, which aims to contribute substantially to the national grid. Smaller-scale solar initiatives, including rooftop installations on residential and commercial buildings, are also gaining traction, promoting energy independence and sustainability.
Moreover, Montenegro’s commitment to EU integration has spurred developments in renewable technologies, aligning with European energy policies. This focus on solar energy not only helps diversify the energy mix but also mitigates environmental impacts, contributing to the country’s goal of reducing greenhouse gas emissions. As awareness and investment grow, Montenegro is poised to become a regional leader in solar energy utilization.
Overview
150MW solar power project, located in Montenegro for sale, which covers over 100 hectares of land with a southern orientation and up to a 5% slope. The project is in the “Ready to Build” (RTB) phase and offers a connection to a Transmission System Operator (TSO) grid line close to the site, with a 150+ MWp grid permit.
Keypoints
- Location: Montenegro
- Land: 100+ hectares with a long-term lease or purchase option (35 years)
- Solar Production: Expected 1,470 kWh/kWp, with an 80% performance ratio
- Development Stage: Grid connection completion expected in Q4 2024; building permits projected by Q4 2025
- Power Purchase Agreement (PPA): Currently not in place, though possible government grid operator buyout is an option.
Details will be provided upon signing the NDA. The price of the business will be determined through negotiations with a willing buyer.
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