Wind power plant Gvozd 2, Montenegro – 21 MW
The Gvozd 2 wind power plant, with a planned capacity of 21 MW, is being jointly developed by IVICOM Holding and EPCG. Development represents a significant step in enhancing Montenegro’s renewable energy capacity.
A key milestone in the project’s progress has been securing financing from the European Bank for Reconstruction and Development (EBRD), providing the necessary financial framework for project implementation. Additionally, all preliminary technical studies and assessments have been completed, ensuring alignment with Montenegro’s energy strategy and enabling the continuation of further development activities.
Projects overview
The Gvozd 2 wind power project continues to progress through essential development phases. With financing secured from EBRD and preliminary studies completed, the project is positioned for further technical preparation and advancement toward implementation. IVICOM Holding remains actively engaged, providing development coordination, technical expertise, and cross-border project support.
Key Achievements:
- Joint development with EPCG
- Financing secured from EBRD
- Preliminary technical studies completed
Final result (upon completion)
Upon completion, the Gvozd 2 wind power plant will supply 21 MW of clean energy to Montenegro, supporting the country’s transition to renewable energy and reaffirming IVICOM Holding’s role in advancing sustainable energy projects in the Western Balkans.
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