The interested developers are a consortium formed by Fortum and local utility EPCG; Malta-based IREDL; and a domestic group named Montesolar.
With Republika Srpska, one of the two entities of Bosnia and Herzegovina, announcing a tender to build a 65 MW solar PV plant; Croatia planning a 6.5 MW solar PV installation, to be built on the Island of Cres; and Macedonia welcoming its first solar panel manufacturing plant, capable of producing 20 MW annually – it has been a busy period for the small solar markets in the Balkans.
Noting that it is close to reaching its 33% renewable energy target, Montenegro’s Ministry of Economy has said it will not issue any more licenses for renewable energy projects. It has, however, launched the third phase of deployment of solar PV systems for un-electrified households in secluded mountainous areas.
The smart grid project is expected to boost to the use of renewable energy in the region, and to enable smaller power producers participate in the market.
Renewable energy support policies at the national and European level are needed to reduce the cost of capital for solar PV and onshore wind projects in countries in the South East of European, according to an extensive study undertaken by Ecofys,
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