A consortium of Finland's Fortum and Montenegro’s power utility, EPCG, has won a tender for the construction and operation of a PV project with an installed generation capacity of 250MW within the country, according to Montenegro’s economy ministry.
In a release by Fortum, the consortium has proposed to develop a PV project with a generation capacity of 250MW in Ulcinj, Montenegro. The company noted that the next stage in the process is to negotiate the final contract with the state of Montenegro, which is expected to be concluded by the end of 2018.
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
According to the ministry, the consortium offered a US$204 million investment in the PV project.
Fortum currently operates solar capacity of 185MW in India and 35MW in Russia.