The company Green Grow Energy (GGEN) completed the installation of the first Montenegrin solar power plant on solid ground, in Čevo near Cetinje, with the installation of 8,120 panels, and individual power of 545 watts.
The company, whose owners are citizens of Montenegro and Turkey, previously announced that the planned annual production of electricity amounts to 6,201 GWh.
“We will market the produced energy at the most favourable prices on the markets of neighbouring countries, through our sister company, which is the first holder of a license for the sale of electricity in Montenegro,” the company’s official website states.
GGEN, as it is pointed out, is a private company, created in 2021 through the cooperation of several domestic and foreign engineers with decades of experience in energy and excellent knowledge of the SEE market.
“GGEN is the first Montenegrin company that has gone through the complex process of obtaining a construction permit for the construction of a solar power plant on the ground (Čevo solar) and the first company that, in addition to building solar power plants, also offers the possibility of selling electricity on the domestic and foreign markets,” the website states. companies.
The largest owner of the company is Zoran Đukanović, with a share of 35.5 percent, who is also the executive director. The rest of the ownership is shared by Oytun Kutay (33 percent), Slavoljub Popadić (21.5 percent) and Aykut Firat (10 percent).