The population of Montenegro was 0.62 million and the current gross domestic product (GDP) was $4.17 billion as of 2016. Montenegro solar photovoltaic (PV) 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, Montenegro has one of the greatest potentials for solar energy in South East Europe. Number of sunshine hours are above 2,000 hours/year for major part of Montenegrin territory and above 2,500 hours/year along sea coast. Year quantity of solar energy in Podgorica of 1,602 kWh/m2 (more than in Rome or Athens).
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 solar photovoltaic (PV) power sector across parameters - country overview, current power and solar photovoltaic (PV) 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 solar photovoltaic (PV) power generation capacity of from 2012 to 2017.
- Statistics for cumulative and annual revenue of solar photovoltaic (PV) power plants from 2012 to 2017.
- Break-up by power generation technology, including thermal, hydro, renewable (incl. solar PV) and nuclear
- Data on key issues witnessed in the Montenegro solar photovoltaic (PV) 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 solar photovoltaic (PV) 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 SOLAR PV POWER MARKET IN 2017
3.1 Country Overview
3.2 Current Status of Solar PV 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 Photovoltaic (Solar PV) Capacity and Revenue
3.6 Annual Installed Photovoltaic (Solar PV) Capacity and Revenue
3.7 Support Schemes
4 CONCLUSIONS AND RECOMMENDATIONS
5 LIST OF ABBREVIATIONS
Chart 1: Solar Resource Map of Montenegro
Chart 2 Share of Solar PV 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 Photovoltaic (Solar PV) Power Plants in Montenegro (in MW) 2012 ÷ 2017, including forecast
Chart 7: Cumulative (CAGR) Revenue of Photovoltaic (Solar PV) Power Plants in Montenegro (in Millions USD) 2012 ÷ 2017, including forecast
Chart 8: Annual Installed Capacity of Photovoltaic (Solar PV) Power Plants in Montenegro (in MW) 2012 ÷ 2017, including forecast
Chart 9: Annual Revenue of Photovoltaic (Solar PV) Power Plants in Montenegro (in Millions USD) 2012 ÷ 2017, including forecast