Montenegro's sole wind farm Krnovo output rises in October

Krnovo wind farm; Source: Bemax

PODGORICA (Montenegro), December 17 (SeeNews) – Montenegro's only wind farm, in Krnovo, produced 14,299 MWh of electricity in October, up from 13,239 MWh in the previous month, the country's electricity market operator COTEE said.

The 72 MW Krnovo wind farm had the largest contribution to the country's renewable energy output produced under incentive schemes, which rose to 14,627 MWh in October from 14,234 MWh in September, according to data posted on the website of COTEE. 

In the first ten months of 2018, the Krnovo wind farm produced 127,916 MWh of electricity.

The Krnovo wind farm was launched by France's Akuo Energy and Austria's Ivicom via their Montenegrin subsidiary Krnovo Green Energy in November. The project had an estimated cost of 120 million euro ($140.9 million), with 48.5 million euro coming from a senior loan extended by the European Bank for Reconstruction and Development (EBRD).

Earlier this year, Akuo Energy said it signed an agreement to sell a 49% stake in Krnovo Green Energy to Abu Dhabi-based Masdar.

Montenegro is a renewable energy leader in Europe, with more than 40% of its domestic electricity consumption coming from clean energy sources, Akuo Energy said in January.

($ = 0.881651 euro)

More stories to explore
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription