Project MNE 1 is a high-impact solar photovoltaic initiative in Nikšić, Montenegro, designed to generate 325 MW of clean energy. Strategically positioned in a region with optimal solar irradiance and robust energy infrastructure, this project provides an attractive opportunity for investors seeking to engage in Montenegro’s renewable energy sector. With a secured 30-year land lease, strong grid connectivity, and a clear path to execution, Project MNE 1 is poised to become a critical component of the country’s green energy transition.
Installed Power: 325 MW DC
Projected Annual Energy Output: 413.9 GWh
Total Land Area: 3,241,412 m², with potential for expansion
Land Lease Term: 30 years
Altitude: 939 meters, optimizing system efficiency
Average Solar Irradiation: 1,701.4 kWh/m²/year
Grid Connectivity: 110 kV, 220 kV, 410 kV infrastructure, located 6 km from the nearest substation
Development Status: In Progress
Situated in Nikšić, a key center for Montenegro’s renewable energy expansion, the project benefits from well-established energy infrastructure. Nikšić is strategically located near HE Peruća in Montenegro and HE Trebinje in Bosnia and Herzegovina, with the ongoing development of HE Dabar, a major hydropower project. These large-scale, government-backed energy initiatives will drive significant grid expansion and modernization, ensuring enhanced transmission capacity and connectivity. This infrastructure investment strengthens the region’s energy security, supports renewable energy integration, and fosters long-term sustainability.
Project MNE 1 is also positioned near three major transmission lines (110 kV, 220 kV, 410 kV), facilitating efficient energy distribution. The site includes macadam road access, though additional investment in water infrastructure may be required for full integration with municipal utilities.
Montenegro is aligning its energy policies with EU sustainability objectives, creating a strong demand for large-scale solar projects. Early investors can leverage these policy-driven incentives and market growth opportunities.
30-year secured land lease, reducing land acquisition risks.
Favorable energy tariff structures and opportunities for Power Purchase Agreements (PPAs) ensure predictable revenue streams.
High efficiency: 1,480.8 kWh/kWp specific PV output
Optimal module tilt: 36° inclination for maximum energy absorption
Favorable climate conditions: An average temperature of 10.8°C minimizes system heat stress, ensuring long-term efficiency.
Close proximity to multiple grid connection points, facilitating seamless energy transmission.
Existing road access, with opportunities for infrastructure enhancements to support large-scale logistics and construction.
Feasibility Study: Completed
Land Lease Agreements: Finalized
Urban-Technical Conditions: Fulfilled
Next Milestones: Permit acquisition and commencement of construction
Perun Energy is among Montenegro’s first developers of high-capacity solar infrastructure, with proven expertise in project execution. The firm excels in regulatory compliance, engineering precision, and risk mitigation, ensuring a seamless transition from feasibility to operational deployment.
Investors in Project MNE 1 will benefit from Montenegro’s growing renewable energy market, well-defined policy incentives, and a high-yield asset with long-term operational stability.
We invite partners across various financing structures, including equity investment, co-development, and Power Purchase Agreements (PPAs). These models provide investors with revenue stability, strong profitability potential, and a foothold in 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 | 24,300 |
| February | 26,500 |
| March | 32,800 |
| April | 31,400 |
| May | 39,500 |
| June | 46,200 |
| July | 52,000 |
| August | 48,900 |
| September | 36,500 |
| October | 33,400 |
| November | 24,900 |
| December | 23,800 |
| Specification | Details |
|---|---|
| Installed Capacity | 325 MW DC |
| Nominal Power Output | 293 MW AC |
| Estimated Energy Yield | 413.9 GWh |
| Elevation | 939 meters |
| Grid Voltage | 110 kV |
| Distance to Grid | 6 km |
| Lease Duration | 30 years |
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