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A special-purpose vehicle, M Energy d.o.o., has secured a grid-connection agreement with Montenegro’s transmission operator for a 385 MW solar project. According to the source, this would be the largest solar installation in the country, which had roughly 30 MW of cumulative photovoltaic capacity by the end of 2024, as reported by the International Renewable Energy Agency.
M Energy d.o.o. signed the agreement in 2023 with CGES, Montenegro’s transmission system operator, for a maximum capacity of 385 MW at locations in Ubli, in the Cetinje municipality, and Bogetici-Brocanac, in the Niksic municipality. The project aims to connect to the grid by 2027.
The plant is planned to connect to the 400 kV Lastva-Pljevlja overhead transmission line, which leads to the HVDC converter station at Lastva. A 600 MW-class subsea cable, operational since 2019, links Montenegro to the Italian grid from that station.
The next largest project in development is an 87.5 MW solar plant near Vracenovici, which was contracted in 2024 with a commissioning target of 2028, according to reporting from August 2024.
Montenegro’s government launched its first solar auction in 2025, offering up to 250 MW of capacity under 12-year contracts-for-difference at a ceiling price of EUR 65 per MWh. This is part of a broader target for renewable energy to account for at least 50% of final energy consumption by 2030.
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