Project MNE 4 is a large-scale solar photovoltaic initiative in Nikšić, Montenegro, designed to generate 55 MW of clean, renewable energy. With optimal solar irradiation, a secured 30-year land lease, and strong connectivity to Montenegro’s energy infrastructure, this project presents a compelling investment opportunity. As Montenegro continues its transition toward renewable energy, Project MNE 4 is positioned to become a valuable contributor to the region’s energy mix.
Installed Power: 55 MW DC
Projected Annual Energy Output: 69.1 GWh
Total Land Area: 527,617 m²
Land Lease Term: 30 years
Altitude: 931 meters, optimizing system efficiency
Average Solar Irradiation: 1,705.7 kWh/m²/year
Grid Connectivity: 110 kV, 220 kV, 410 kV infrastructure, located 10 km from the nearest substation
Development Status: In Progress
Situated in Nikšić, one of Montenegro’s most favorable locations for renewable energy projects, Project MNE 4 benefits from a strong solar profile and direct access to major transmission lines (110 kV, 220 kV, 410 kV). This ensures efficient energy distribution and reliable grid integration.
The project has asphalt road access, facilitating logistics and construction. However, there is no connection to the municipal water supply, which may require additional infrastructure investments.
Montenegro is actively working toward EU sustainability goals, creating a favorable investment climate for large-scale solar projects. Project MNE 4 aligns with national policies supporting renewable energy growth.
30-year secured land lease, reducing acquisition risks.
Opportunities for Power Purchase Agreements (PPAs) ensure stable returns over the project’s lifetime.
High efficiency: 1,480.8 kWh/kWp specific PV output
Optimal module tilt: 38° for maximum energy absorption
Favorable climate conditions: An average temperature of 10.8°C minimizes system heat stress, ensuring long-term efficiency.
Proximity to a strong grid infrastructure, ensuring seamless energy transmission.
Existing road access, enabling smooth development and operational logistics.
Feasibility Study: Completed
Land Lease Agreements: Finalized
Urban-Technical Conditions: Fulfilled
Next Milestones: Permit acquisition and construction commencement
Perun Energy is among Montenegro’s most reliable solar project developers, with expertise in navigating regulatory approvals, engineering challenges, and financial structuring. The company’s strong track record ensures that Project MNE 4 will be executed efficiently, maximizing return on investment.
Investors in Project MNE 4 will benefit from Montenegro’s growing energy demand, stable investment environment, and strong government support for renewables.
We welcome partners across various financing structures, including equity investment, co-development, and Power Purchase Agreements (PPAs). These models provide investors with long-term revenue stability and an entry point into Montenegro’s expanding renewable energy sector.
For investment inquiries, technical documentation, or financial projections, contact us at management@perun.energy for more details.
| Month | DNI (kWh/m²) | Temperature (°C) |
| January | 95.8 | 4.2 |
| February | 101 | 5.3 |
| March | 131 | 8.3 |
| April | 125.5 | 12.1 |
| May | 154.3 | 16.5 |
| June | 185.2 | 20.4 |
| July | 212.5 | 23.8 |
| August | 190.3 | 23.1 |
| September | 137.1 | 18.4 |
| October | 122.5 | 13.2 |
| November | 86.4 | 8.0 |
| December | 86.5 | 4.9 |
| Month | Expected Energy Production (MWh) |
| January | 5,200 |
| February | 5,600 |
| March | 6,500 |
| April | 6,200 |
| May | 7,500 |
| June | 8,800 |
| July | 9,700 |
| August | 9,100 |
| September | 7,000 |
| October | 6,500 |
| November | 5,200 |
| December | 4,900 |
| Specification | Details |
|---|---|
| Installed Capacity | 55 MW DC |
| Nominal Power Output | 49.1 MW AC |
| Estimated Energy Yield | 69.1 GWh |
| Elevation | 931 meters |
| Grid Voltage | 110 kV |
| Distance to Grid | 10 km |
| Lease Duration | 30 years |
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