Project MNE 5 is a large-scale solar photovoltaic initiative in Danilovgrad, Montenegro, designed to generate 50 MW of clean, renewable energy. With optimal solar irradiation, a secured 30-year land lease, and direct access to Montenegro’s energy infrastructure, this project presents a compelling investment opportunity. As Montenegro continues its transition toward renewable energy, Project MNE 5 is positioned to play a vital role in the region’s sustainable energy future.
Installed Power: 50 MW DC
Projected Annual Energy Output: 65.7 GWh
Total Land Area: 454,454 m²
Land Lease Term: 30 years
Altitude: 616 meters, optimizing system efficiency
Average Solar Irradiation: 1,701.4 kWh/m²/year
Grid Connectivity: 110 kV infrastructure
Development Status: In Progress
Located in Danilovgrad, one of Montenegro’s key regions for renewable energy, Project MNE 5 benefits from a strong solar profile and proximity to major transmission lines, ensuring efficient energy distribution and reliable grid integration.
The project has macadam road access, which may require improvements for large-scale logistics and construction. Additionally, there is no connection to the municipal water supply, which may require further infrastructure development.
Montenegro is actively progressing toward EU sustainability targets, creating a favorable investment climate for large-scale solar projects. Project MNE 5 is well-positioned to contribute to the country’s renewable energy portfolio.
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: 36° 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, with opportunities for infrastructure enhancements to support efficient logistics and operations.
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 experienced solar project developers, with expertise in regulatory compliance, engineering solutions, and financial structuring. The company’s track record ensures that Project MNE 5 will be executed efficiently, maximizing return on investment.
Investors in Project MNE 5 will benefit from Montenegro’s growing demand for clean energy, stable investment climate, 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 a strategic 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 | 4,900 |
| February | 5,400 |
| March | 6,300 |
| April | 6,100 |
| May | 7,400 |
| June | 8,700 |
| July | 9,500 |
| August | 8,900 |
| September | 6,800 |
| October | 6,300 |
| November | 5,100 |
| December | 4,800 |
| Specification | Details |
|---|---|
| Installed Capacity | 50 MW DC |
| Nominal Power Output | 44.1 MW AC |
| Estimated Energy Yield | 65.7 GWh |
| Elevation | 616 meters |
| Grid Voltage | 110 kV |
| Lease Duration | 30 years |
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