The EBRD has released a brief urging Western Balkan countries to both replace their aging lignite coal generation capacity with renewables, and to rethink their 18 GW plans for new coal capacity. While the region offers favorable conditions for various types of renewable generation, it has been slow on the uptake to date.
Montenegro’s Ministry of Economy said the consortium provided the best conditions for the number of newly created jobs and lease payment, and in terms of technical and financial ability to build the plant.
The interested developers are a consortium formed by Fortum and local utility EPCG; Malta-based IREDL; and a domestic group named Montesolar.
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.
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