According to the data published by Montenegrin electricity market operator COTEE, the country’s sole wind farm Krnovo produced 7,864 MWh of electricity in May, 32 % less compared to the previous month.
Krnovo wind farm had the largest contribution to Montenegrin renewable energy production within support scheme, which amounted to 21,124 MWh in May 2018, compared to 8,198 MWh in the same month last year. In the first five months of 2018, Krnovo wind farm produced a total of 70,298 MWh of electricity.
Krnovo wind farm has power output of 72 MW, and it is expected to produce between 200 and 230 GWh of electricity per year, which is about 8 % of the national output. The cost of the project was 120 million euros and it was partially financed through loans provided by the German KfW Bank and the European Bank for Reconstruction and Development (EBRD). The wind farm was put into operation in November 2017. Earlier in January, UAE-based company Masdar acquired 49 % stake in Krnovo wind farm. French Akuo Energy holds the remaining stake.