How much does it cost to install solar energy in Montenegro

4 FAQs about How much does it cost to install solar energy in Montenegro

How much does a solar project cost in Montenegro?

The maximum price to compete for is EUR 65 per MWh and the contracts will last 12 years. The Government of Montenegro adopted the decisions and directives necessary for issuing a public call to auction for solar power projects of at least 400 kW. The lowest bids will win, and the maximum price is EUR 65 per MWh.

Does Montenegro need solar power?

In effect, Montenegro has ensured that the benefits of solar power – lower energy costs, protection from market volatility, and environmental gains – are available to those who need them most, but not only to affluent early adopters.

Is Montenegro a leader in rooftop solar energy?

In recent years, Montenegro, a small country on the Adriatic coast, has become an unexpected leader in rooftop solar energy. With more than 2,000 hours of sunshine per year, the country's natural potential has always been evident, but innovative policy design has truly driven adoption.

Will Montenegro's rooftop photovoltaics transform Red III?

Montenegro's nationwide rollout of rooftop photovoltaics, with thousands of prosumers integrated into the grid, illustrates precisely the kind of transformation envisaged in RED III. By early 2025, the rooftop capacity had approached 70 MW, with projections pointing to 100 MW by the end of the year.