The 64.2 million euro loan plan has been submitted for government approval, and EPCG's 10 photovoltaic projects are awaiting full implementation. 95.87 MW installed capacity, 30.44% internal rate of return, 3.29 year payback period - Montenegro State Power Company is calculating a high return on clean energy account.

Full bloom on water surface, roof, and slope

The 10 photovoltaic projects planned by EPCG this time cover various application scenarios: Solari 5000+rooftop photovoltaic systems have entered the construction phase; The Zeljezara solar park and the supporting photovoltaic facilities of Brana Vrtac, Slano, and Krupac hydropower stations are being synchronously promoted; The L1/L2 and B1/B2 parks of Kapino Polje, as well as the Krupac 47 Phase I project, constitute the main force of the ground photovoltaic matrix. The total installed capacity is 95.87 megawatts, with an expected annual power generation of 124518 megawatt hours. The estimated revenue for the first year is about 20.7 million euros, and the annual EBITDA is about 20 million euros. The internal rate of return is as high as 30.44%, and the net present value is 196.2 million euros. The investment payback period is only 3.29 years, and the economic indicators are quite impressive.

Adding weight to Montenegro's energy transformation

In May 2026, EPCG signed a strategic cooperation agreement with Japanese energy storage company PowerX, planning to implement approximately 500MWh battery energy storage projects in the next three years to provide supporting support for peak shaving and valley filling of photovoltaic output. At the EU Montenegro Investment Conference in October 2025, EPCG signed three memorandums of cooperation on renewable energy, covering cutting-edge fields such as floating solar energy, energy storage, and high-altitude wind power.

Montenegro has adopted the National Energy and Climate Plan by the end of 2025, which sets a transition target of renewable energy accounting for no less than 50% by 2030. As a candidate country for the European Union, Montenegro is fully aligning its energy regulations with EU standards, paving the way for foreign investment participation. Keywords: new energy projects, national energy strategy

If the loan is approved, EPCG will simultaneously promote a combination of its own funds of 18.9 million euros and external financing to accelerate the completion of this round of photovoltaic capacity deployment.Editor/Cheng Liting