Montenegro has approved a construction permit for the initial phase of the Korita wind farm, which will have a capacity of 88 MW and is located near Bijelo Polje. This decision facilitates a renewable energy investment estimated at approximately €132 million.
The permit was awarded to Vjetro Park Korita, following the rejection of a prior application, thereby eliminating a significant regulatory barrier for the project.
The wind farm development plans include the installation of 11 wind turbines, necessary infrastructure, and a 35/400 kV substation.
Additionally, a grid-connection agreement has been established with the transmission system operator CGES, ensuring a pathway for future energy generation to enter Montenegro’s high-voltage network.
The project aims to commence commercial operations by 2030.
This permit marks substantial progress for what may become one of the largest privately funded wind energy projects in northern Montenegro.
The Korita wind farm adds to an expanding portfolio of renewable initiatives, which includes the Gvozd and Bijela wind projects as well as numerous planned solar developments.
For contractors and suppliers, the Korita project is anticipated to generate demand for various services including civil works, turbine installation, electrical equipment supply, substations, road construction, grid infrastructure, and engineering services.
This initiative is also significant within Montenegro’s regional development framework, as large-scale renewable investments can stimulate construction activities and infrastructure improvements in municipalities beyond coastal areas and Podgorica.
Securing financing is a crucial next step for the project.
The issuance of the construction permit does not indicate that financial closure has been achieved or that full-scale construction has commenced.
Developers must still finalize equipment procurement, establish construction contracts, and ensure compliance with grid and environmental regulations.
The broader landscape for renewable investments in Montenegro is transitioning from mere project announcements to actual permitting and readiness for construction.
This transition highlights the growing importance of transmission capacity, balancing mechanisms, and energy storage solutions.
The €132 million Korita project thus symbolizes another major renewable investment and serves as a benchmark for Montenegro’s ability to transform its expanding development pipeline into operational energy generation capabilities.
