Montenegro expects the 21 MW Gvozd II wind farm to enter operation in spring 2027, expanding state utility EPCG’s Gvozd complex to 76 MW as construction accelerates on one of the country’s few renewable projects already moving into physical delivery.
Gvozd II will add three Nordex turbines to the operating 55 MW Gvozd I wind farm.
The expansion is expected to produce about 63 GWh annually, lifting output from the combined complex above 200 GWh/year.
EPCG estimates total investment in the two phases at around €105 million.
The milestone matters because Montenegro has a very large renewable development pipeline but relatively few projects already producing electricity.
Gvozd is therefore becoming an important test of EPCG’s ability to convert plans into operating assets.
The additional wind output will diversify a generation mix still heavily dependent on hydro and the Pljevlja coal plant.
Wind can also complement Montenegro’s expanding solar fleet because production is less concentrated in midday hours.
The commercial challenge will be integrating growing variable generation without depressing its market value.
Montenegro is already considering storage and additional export infrastructure, including a second electricity cable towards Italy.
Gvozd II will not transform the national power balance alone.
But it shows EPCG building an expandable renewable portfolio rather than relying solely on one-off projects.




