The population of Montenegro was 0.62 million and the current gross domestic product (GDP) was $4.17 billion as of 2016. Montenegro wind power market value, which was USD XXX million in 2016, is expected to grow to USD XXX million in 2017, at a CAGR of XXX percent. According to the government study for assessment of renewables potential (wind, solar energy and biomass) wind speed values in Montenegro are: (i) In major part of Montenegrin territory < 5 m/s; (ii) in central and coastal region 5÷7 m/s; (ii) in certain areas along sea coast 7÷8 m/s. Typical values of wind energy potential are 100÷300 W/m2. In the most windy areas, wind energy potential are above 400 W/m2 (on the slopes and peaks of the mountatins). Overall wind energy potential in Montenegro is approximately 400 MW (most windy areas + zones with mid potential).
Montenegro has defined strategic objectives and future scenarios mainly in two documents, namely: The National Renewable Energy Action plan for use of RES by 2020 (NREAP) and the Energy Policy Strategy of Montenegro until 2030. The National Renewable Energy Action Plan by 2020 (NREAP) is the most important strategic document regarding the development and implementation of RES projects. The Action Plan defines explicit targets for renewable energies in Montenegro for every year till 2020. By 2020 the production of electricity from renewable energy sources should rise to 33% (from 26.3% in 2009), with shares of 81.5% hydro, 13.8% wind, 4% biomass and 0.7% solar power.
The country’s main strategy to meet the growing need of power is to reduce the energy dependency by increasing the energy efficiency, increased use of renewable resources and connecting to the European power infrastructure.
- Snapshot of the country’s renewable and wind power sector across parameters - country overview, current power and wind power market status, electricity market structure, key issues, future plans and strategies to meet increasing power demand, and way forward.
- Statistics for cumulative and annual installed wind power generation capacity of from 2012 to 2017.
- Statistics for cumulative and annual revenue of wind power plants from 2012 to 2017.
- Break-up by power generation technology, including thermal, hydro, renewable (incl. wind) and nuclear
- Data on key issues witnessed in the Montenegro wind power sector.
- Information on future plans and strategies to meet increasing power demand.
- Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s wind power sector
- Facilitate decision-making based on strong historic and forecast data
- Develop strategies based on the latest regulatory events
- Position yourself to gain the maximum advantage of the industry’s growth potential
- Identify key partners and business development opportunities
1.1 Research Methodology
2 EXECUTIVE SUMMARY
3 MONTENEGRO WIND POWER MARKET IN 2017
3.1 Country Overview
3.2 Current Status of Wind Power Market in Montenegro
3.3 Key Issues
3.4 Investment Trends and Development Roadmap to Meat Increasing Power Demand
3.5 Cumulative (CAGR) Installed Wind Power Capacity and Revenue
3.6 Annual Installed Wind Power Capacity and Revenue
3.7 Support Schemes
4 CONCLUSIONS AND RECOMMENDATIONS
5 LIST OF ABBREVIATIONS
Chart 1: Wind Resource Map of Montenegro
Chart 2: Share of Wind Power from Total Installed Power Generation Capacity in Montenegro in 2016
Chart 3: Montenegro Total Annual Electricity Consumption (in TWh) 2000 ÷ 2016
Chart 4: Montenegro Power Generation Capacity Breakdown by Source (Fuel) Type in 2016 (incl. Renewables)
Chart 5: Structure of Electricity Power Market in Montenegro
Chart 6: Cumulative (CAGR) Installed Capacity of Wind Power Plants in Montenegro (in MW) 2012 ÷ 2017, including forecast
Chart 7: Cumulative (CAGR) Revenue of Wind Power Plants in Montenegro (in Millions USD) 2012 ÷ 2017, including forecast
Chart 8: Annual Installed Capacity of Wind Power Plants in Montenegro (in MW) 2012 ÷ 2017, including forecast
Chart 9: Annual Revenue of Wind Power Plants in Montenegro (in Millions USD) 2012 ÷ 2017, including forecast