Montenegro’s Ministry of Energy and Mining has officially launched its first-ever auction process for market premiums supporting renewable energy projects, marking a historic milestone in the country’s energy sector.
This follows the government’s recent approval of tender documentation and related regulations, fulfilling all regulatory requirements to start this strategic mechanism.
For the first time, Montenegro is implementing a market-based support model for renewables that promotes fair competition among investors, ensures transparency, and maximizes public interest protection.
Key benefits include:
- Enhanced energy security through new domestic renewable capacities, strengthening the resilience and long-term stability of the power system.
- Economic growth by attracting new investment partnerships with positive impacts on the economy.
- Market competitiveness by establishing a fair, transparent, and predictable framework that boosts investor confidence.
- Alignment with European Union accession commitments, focusing on increasing renewable energy share and accelerating decarbonization.
The auction process caps a comprehensive regulatory reform package including the adoption of the Renewable Energy Law, a new Energy Law fully harmonized with EU legislation, and finalized secondary regulations.
This step demonstrates Montenegro’s commitment to building a modern, sustainable, and equitable energy system where public interest and investments align, reinforcing its role as a credible, reform-oriented, and pro-European partner.
