All 26 wind turbines installed at Krnovo near Niksic – Project worth EUR 140 million to be put into operation next year

At the Krnovo hill, not far from Niksic, the installation of all 26 wind turbines has been completed. The Krnovo project is worth more than EUR 140 million, and it is being implemented by the Austrian company Ivicom Consulting and the French company Akuo Energy.

The Ministry of Economy of Montenegro says that, according to the agreement, the investor is obliged to commission the wind farm at Krnovo and the accompanying facilities and infrastructure by May 7, 2017, as well as to connect it to the electrical energy system.

Representatives of the Ministry reminded that the the state-owned land had been leased for 20 years in line with the agreement, with the possibility of extension of up to five years for the needs of the construction of a wind farm with 72 MW of installed power.

The construction of wind farms at Krnovo began last May. The commissioning of the wind farm will contribute to reaching the national goal of the share of RES of 33% in the final consumption.

The state has obliged by agreement to guarantee a fixed purchase price of electrical energy produced at the wind farm in the first 12 years of operation and that it won't go under EUR 95.99 per MWh.

Ivicom konsalting Vienna

Akuo enerrgy France

Ivicom Consulting

Akuo Energy

wind farm Krnovo

wind farm at Niksic

Ministry of Economy of Montenegro

renewable energy sources

RES

purchase price of electricity