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Gvozd Wind Farm Expansion

Sector: Raw Materials • Location: Montenegro

Source: Renewables Now

Project
Under Construction

The European Bank for Reconstruction and Development (EBRD) has approved a EUR 26 million (USD 30.3 million) loan for the expansion of the Gvozd wind farm in Montenegro. The expansion will add three extra turbines, increasing the capacity from 55 MW to 75 MW. At full capacity, the wind farm will generate 186 GWh of electricity annually, enough to supply over 35,000 households. The project is devel

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The project “Gvozd Wind Farm Expansion” is an infrastructure initiative in the Raw Materials sector, located in Montenegro. Taiyo aggregates data on it from Renewables Now.

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Description

Description

The European Bank for Reconstruction and Development (EBRD) has approved a EUR 26 million (USD 30.3 million) loan for the expansion of the Gvozd wind farm in Montenegro. The expansion will add three extra turbines, increasing the capacity from 55 MW to 75 MW. At full capacity, the wind farm will generate 186 GWh of electricity annually, enough to supply over 35,000 households. The project is developed by Montenegro's state-owned utility Elektroprivreda Crne Gore (EPCG) and its subsidiaries. The initial 55-MW phase is under construction, with turbine delivery expected later in 2025 and full commissioning scheduled by the end of 2026.

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