Montenegro: 240 MW solar power plant Korita – a huge step towards renewable energy
11 January 2024In a significant move towards renewable energy, Montenegro’s Crnogorski Elektroprenosni Sistem (CGES), the majority state-owned power transmission system operator, has inked a deal with local enterprise, EE Korita. The agreement is an ambitious step towards the construction of a robust infrastructure necessary to connect a 240 MW solar power plant to the national transmission grid. The plant, located in the municipality of Bijelo Polje, is estimated to be worth over 200 million euros.
This solar power plant project signifies a substantial renewable energy initiative in Montenegro’s energy landscape. The project was announced by EE Korita in 2023, making it a pivotal part of the country’s ongoing efforts to embrace solar power and bolster its energy capacity and sustainability.
EE Korita is a wholly-owned subsidiary of EE Croatia APS, which, in turn, is part of the Denmark-based European Energy group. This multinational collaboration underscores the global interest and investment in renewable energy infrastructure, specifically in Montenegro’s burgeoning solar power sector.
The project’s implementation will not only enhance Montenegro’s energy capacity but also play a significant role in promoting sustainable and renewable energy sources. It reaffirms the country’s commitment towards a greener future, setting a benchmark for other nations to follow. As Montenegro continues to invest in its solar power capabilities, it sends a powerful message about the vital importance of renewable energy in addressing global climate change and energy crises.
Related
-
SCG to invest $700 mln more in petrochemicals complex in Vietnam
1 November 2024
-
Saudi Binladin to receive $6bn loan
1 November 2024
-
Webuild picked for radical makeover of Bologna FC’s Dall’Ara stadium
1 November 2024
-
CHMC Signed a Complete Equipment Supply Project Contract of Turkey Profile Steel Production Line
31 October 2024
-
Neom to tender hydropower contract
31 October 2024
-
Chinese firm wins facade work on world’s tallest tower
31 October 2024