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Qair has secured a grid connection approval for its 50.13 MWp Rudine solar power project, located in the municipality of Nikšic, from CGES – Montenegro’s national grid operator. This marks a major milestone for Qair, as it is the company’s first project in Montenegro to achieve this critical step towards development. The agreement enables the Rudine project to move closer to achieving Ready-to-Build (RtB) status, with the next phase focused on preparing the solar farm layout and securing all necessary permits. The photovoltaic power plant is set to be integrated into Montenegro’s electricity transmission system and to be commissioned by the end of 2028. Accelerating Montenegro’s Clean Energy Transition With an ambitious goal of achieving a 50% share of renewable energy in total final energy consumption by 2030, the government is paving the way for a cleaner future. As of 2021, renewable sources accounted for approximately 39.64% of the country’s final energy consumption, placing Montenegro among the leading nations in Europe for renewable energy utilization.In August 2024, Montenegro adopted a new Renewable Energy Law aligned with the European Union’s Renewable Energy Directive. This legislation aims to accelerate the growth of renewable energy by streamlining administrative procedures, introducing incentive systems such as market premiums and feed-in tariffs, and promoting the use of renewable energy across various sectors, including heating, cooling, and transportation. To support these efforts, the European Bank for Reconstruction and Development (EBRD) and other international financial institutions are funding projects to improve grid capacity and encourage renewable investments. The country’s hydroelectric potential is particularly noteworthy, accounting for 61.26% of the installed capacity in 2023, generating 48.76% of the electricity in the same year. Wind energy contributes approximately 1.5% to Montenegro’s renewable energy mix, with operational wind farms adding to the country’s renewable capacity. Additionally, Montenegro boasts significant solar energy potential, especially along its coastal regions, which receive more than 2,500 hours of sunshine annually. Qair’s Commitment to Montenegro’s Renewable Energy Future Active in Montenegro since 2021, Qair’s dedicated five-person team is currently developing a pipeline of 220 MW, including photovoltaic (PV) and wind projects, all scheduled for commissioning from 2028 onwards. Following the signing of a Memorandum of Understanding (MoU) with Elektroprivreda Crne Gore AD Nikšic (EPCG) last September—aimed at accelerating renewable energy development— the advancement of a first project further strengthens Qair’s commitment to playing a key role in Montenegro’s energy future. Qair’s Investment in Emerging European Markets With a well-established presence in Montenegro, Romania, Moldova and Greece, Qair is actively expanding its footprint in emerging European markets, focusing on countries with strong renewable energy potential and supportive regulatory environments. Drawing on its experience in the Polish market, where it operates over 500 MW of wind and solar assets, Qair is at the forefront of driving energy transformation in regions that are rapidly advancing their clean energy ambitions. From the Balkans to Central and Eastern Europe and the Mediterranean, the company is committed to fostering sustainable growth, developing high-quality projects, and supporting countries in achieving their energy transition goals. Among recent milestones, Qair secured tariffs for the first phase of a 100MW wind project in Romania. These countries demonstrate strong governmental commitments to renewable energy, implementing policies that encourage clean energy investments, feed-in tariffs, and auction-based mechanisms. Qair can also leverage EU and national incentives, EBRD financing, and—perhaps most importantly—access sites with high renewable energy potential and ambitious decarbonization targets, primarily aimed at replacing coal. As a result, our strategy integrates these dynamic European markets, which offer high growth potential and rapid development opportunities, complementing our initial focus on establishing a presence in Europe’s major markets. |
