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Montenegro’s 2024 Energy Balance – Hydrological Challenges and Increased Electricity Consumption

Montenegro’s annual energy balance for 2024 revealed that the country produced less electricity than planned, while consumption increased. A total of 3,446.6 GWh of electricity was generated, which is 4.4 percent less than...

Challenges and Opportunities for Montenegro on the Path to a Circular Economy

Countries in the region are making significant strides in implementing a circular economy (CE), which is vital for reducing dependence on primary resources, boosting competitiveness, and protecting the environment. We spoke with...

Modernization of Montenegro’s Power Grid with EBRD Support

The European Bank for Reconstruction and Development (EBRD), which has been present in Montenegro since 2006, will provide the Montenegrin Electricity Distribution System (CEDIS) with a 35 million euros loan to support...

Forests vs. Coal – What Are Montenegro’s Climate Challenges?

The recent Country Climate and Development Report – Montenegro, published by the World Bank, examines the country’s path toward achieving climate goals, emphasizing the need for strategic investments and the implementation of...

Montenegro – Construction of the “Gvozd” Wind Farm Begins

The construction of the “Gvozd” wind farm has officially started in Montenegro, marking the first major production facility that Elektroprivreda Crne Gore (EPCG) is building after more than 40 years. The project, initiated...

Montenegro: New Law on the Use of Energy from Renewable Sources

On 17 August 2024, Assembly of the Republic of Montenegro adopted the Law on the Use of Energy from Renewable Sources, which was published in the Official Gazette of Montenegro, issue no....

Montenegro Adopts Law on the Use of Renewable Energy Sources

Montenegro has adopted the Law on the Use of Renewable Energy Sources, marking a significant step towards improving the sustainability of its energy sector. This first such law in the country introduces...

By Marking Trees, Montenegro Prevents the Illegal Cutting of Forests

With innovative equipment for digitizing the monitoring of forest areas, Montenegro will prevent illegal logging. The Near Field Communication (NFC) is a technology that enables communication between devices located close to each other...

EKO FOND—SUPPORT FOR THE DEVELOPMENT OF ELECTROMOBILITY IN MONTENEGRO

The development of electromobility in Montenegro has been on an upward trajectory in the last few years. There are more and more electric and hybrid vehicles on the streets, and subsidies from...

MORE ELECTRICITY FROM RENEWABLE SOURCES IN MONTENEGRO

Elektroprivreda Crne Gore (EPCG) has embarked on a substantial investment cycle in the segment of renewable energy sources and investments in numerous new green energy projects. One of these is the Solari...

Porto Montenegro Will Host High-Level Energy Week Western Balkans 2023

On 18-19th October, the high-level renewables investment conference Energy Week Western Balkans 2023 will take place at the new location, Porto Montenegro. Launched in 2022 by a UK-based Invest In Network, Energy Week...

EBRD Helps Montenegro to Scale Up Investments in Renewables

Montenegro plans to increase the share of renewables in its energy mix with a comprehensive programme of renewable energy auctions that will bring private investment into the sector. The European Bank for Reconstruction...

Montenegro Introduces Auctions for Renewable Energy Sources

Montenegro plans to increase the share of renewables in its energy mix with a comprehensive programme of renewable energy auctions that will bring private investment into the sector. The European Bank for Reconstruction...

Tonight is the ceremonial opening of the first section of the highway in Montenegro

The first section of the Bar-Boljara highway, from Smokovac to Mateševo, will be officially opened today on Montenegro Day. This road will officially be in use from 8 a.m. on July 14,...

Montenegro adopts law guarding consumers and industry against energy market abuses

With the support by the Energy Community Secretariat, Montenegro has adopted a key piece of legislation on wholesale energy market integrity and transparency. The new law empowers the national regulator to monitor energy...

Secretariat Welcomes Start of Implementation of Day-Ahead Market in Montenegro

The Secretariat welcomes the start of the implementation of a day-ahead market in Montenegro. BELEN, the power exchange company of Montenegro responsible for the establishment of a national day-ahead market, signed today...

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