Power utility EPCG announced that the construction of its first wind farm Gvozd will start in spring 2024. Harnessing wind potential for electricity production creates conditions for Montenegro to meet the European agenda for green transition and decarbonization. According to data from Wind Europe, Montenegro is among the European leaders in wind power generation compared to total consumption.
To further harness the wind potential, Montenegro’s electricity system will receive electricity generated by the Gvozd wind farm by the end of 2025. Director of the Development and Investment Directorate at EPCG Ivan Mrvaljevic said that the company is expecting 150 GWh of electricity per year, and the wind farm alone will be able to cover the consumption of some 25,000 homes.
Unlike already operational wind farms Krnovo and Mozura, the operation of Gvozd wind farm will not be subsidized by the state through the RES fee. In addition to wind, other renewable energy sources are also a focal point of EPCG’s investments.
The most stable source of electricity is pump-storage hydropower plants like Komarnica, which should start as soon as possible so that projects involving other renewable energy sources, namely wind and solar, can integrate better and achieve a better balance in the system.
