Montenegro: So far in 2020 RES incentives amounted to 12.87 million euros

, SEE Energy News

In the first eight months of 2020 the incentives for the production of electricity from renewable sources amounted to 12.87 million euros, according to the data published by Montenegrin electricity market operator COTEE.

The current support scheme for inciting electricity production from renewable sources started in May 2014. In 2020 so far, the largest share was received by the country’s first wind farm Krnovo, which was commissioned in November 2017, about 6.2 million euros. The second wind farm in the country – Mozura, which was commissioned last October, received 3.83 million euros, while the remaining sum of 2.7 million euros was paid to small hydropower plants (SHPP) operators. Among the owners of small hydropower plants under the support scheme, Hidroenergija Montenegro, which operates SHPPs Bistrica, Jezerstica, Orah, Rmus, Spaljevici and Sekular received around 843,000 euros, Kronor received 739,000 euros for SHPPs Jara and Babino Polje, Hidro Bistrica received 662,000 euros for electricity produced at SHPP Bistrica, Synergy was paid 203,000 euros for SHPP Vrelo and Nord Energy 218,000 euros for SHPP Seremet Potok.

Small Hydro Power Mojanska received 286,000 euros for its three SHPPs (Mojanska 1, 2 and 3) and Small Hydro Power Kutska received 139,000 euros for its two SHPPs – Kutska 1 and 2. The fee for the promotion of electricity production from renewable energy sources was last increased by almost 100 % in the beginning of 2019, from 0.4731 to 0.9439 eurocents per kWh. For consumers with monthly consumption lower than 300 kWh, the fee is paid by the Government through the coal tax.