Solar Energy

Montenegro to Install 100 Megawatts of Solar Panels on Rooftops by Year-End

Montenegro is set to install approximately 100 megawatts (MW) of solar panels on rooftops across the country by the end of 2024, President Milo Đukanović announced. The initiative is part of the government’s broader strategy to boost renewable energy production and reduce reliance on fossil fuels.

Đukanović emphasized the importance of this project for Montenegro's energy transition and economic sustainability. “By harnessing solar power, we are taking a significant step toward energy independence and environmental preservation,” he said during a press conference.

The project, spearheaded by the Ministry of Economy, aims to utilize the country’s abundant solar potential. Montenegro receives an average of 2,000 hours of sunshine annually, making it an ideal location for solar energy development. The government has allocated substantial funding to support the installation of solar panels on residential, commercial, and public buildings.

Minister of Economy Dragica Sekulić highlighted that the project would not only contribute to cleaner energy but also create job opportunities and stimulate the local economy. "We expect this initiative to generate employment in the renewable energy sector and related industries," Sekulić stated.

The project has received support from international partners, including the European Bank for Reconstruction and Development (EBRD), which has provided financial backing and expertise. The EBRD's involvement is seen as a vote of confidence in Montenegro's commitment to sustainable development.

Residents participating in the initiative will benefit from reduced electricity bills and potential incentives offered by the government. The Ministry of Economy is also working on regulatory frameworks to streamline the installation process and ensure grid compatibility.

The installation of 100 MW of solar panels by the end of the year marks a significant milestone in Montenegro's renewable energy journey. President Đukanović expressed optimism about the future, stating, "This project is just the beginning of our long-term commitment to sustainable energy and environmental protection."

Source: Vijesti

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