Montenegro

How much is the subsidy for the Montenegro energy storage project

0 million loan to support Montenegro in its efforts to decarbonize its energy sector and accelerate the transition to a low-carbon economy. . The World bank approved a €31. . October 13–14, 2025 at the Palace of Congresses in Tirana, the European Commission (Directorate-General for Neighbourhood and Enlargement Negotiations – DG ENEST), the Montenegrin Investment Agency (MIA), and CWP Europe signed a Joint Declaration of Support for the development of the Montechevo. . The utility is procuring two grid-scale battery storage systems to the tune of EUR 48 million ($55. The two four-hour battery storage projects will be located at the EPCG. . Montenegro's state-owned power utility Elektroprivreda Crne Gore (EPCG) has invited bids for the design, supply, installation and commissioning of two battery energy storage system (BESS) facilities of 30 MW each, with a capacity of 120 MWh apiece. The tender's value is estimated at close to 50 million euro ($58. .