French energy developer Qair is advancing plans for the 64.8 MW Momče wind farm located near Podgorica. The project will feature nine turbines spread across approximately 52 hectares and is part of a larger portfolio in Montenegro, which is projected to reach around 220 MW with both wind and solar initiatives by 2028.
The financial investment required for a project of this magnitude is estimated to be between €90 million and €120 million, based on installed wind costs ranging from €1.4 million to €1.85 million per MW. With a capacity factor between 30% and 37%, the annual energy production could potentially reach 170–210 GWh.
The economic profile of wind energy differs significantly from that of the solar projects developed by EPCG. Wind farms generate more electricity during evenings, winter months, and periods of weather-related demand surges, providing a buffer against the price volatility commonly seen with solar energy at midday. While the capital expenditures (CAPEX) and maintenance costs for wind projects are higher, they also face increased risks related to construction and permitting due to factors such as road access, foundational requirements, transport logistics, aviation regulations, and environmental considerations.
A key challenge for the viability of this wind project lies in securing grid access. Wind energy generation may encounter local grid congestion during severe weather events but tends to have less correlation with the growing solar capacity in the Balkan region. A diversified energy portfolio in Montenegro that integrates hydropower, wind, solar, batteries, and pumped storage is likely to yield greater revenue compared to relying solely on solar capacity development.
