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Mediterranean Investment Facility

Montesol Shines in Montenegro

Submitted by Baerbel Epp on September 14, 2012

With only 625,000 inhabitants, Montenegro is a small country. But its government seems to make greater efforts to promote solar thermal energy than some bigger nations in Southeast Europe. In May 2012, the second phase of Montesol started with a programme for interest-free loans to help install solar water heaters in private households. “Since then, around sixty loans have been approved with an average amount of EUR 3,200,” Mija Nenezić, expert at the Montenegrin Ministry of Economy, says and adds that Montenegro had one of the highest potential for solar energy in Europe: “At ourcoastline, the sun shines up to 2,500 hours per year. The annual solar radiation of 1,602 kWh/m2 in our capital Podgorica is actually higher than in Rome or Athens.”

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