PHOTO: First windmill on the Krnovo hill installed

#Nikšić #Windmills #Krnovo #EuropeanBankForReconstructionAndDevelopment(Ebrd) #IvicomConsulting #AkuoEnergy

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The first windmill on Krnovo hill was installed on Saturday within the energy project which Montenegrin government and the European Bank for Reconstruction and Development (EBRD) signed agreement on.

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As portal Onogost.me portal carried, foundations for the remaining 25 wind turbines have already been prepared. The project is about €120m worth in total.

The windmill generator is located at 85 meters height and it weighs 83.5 tonnes. It has 72MW installed capacity and 200–230GWh annual production.

In case of favourable weather conditions, the crane will be moved to next location as soon as tomorrow.

The windmills will be installed at about 1,500 meters above sea level where the average wind speed is estimated at about 5.5 to 6.5 meters per second.

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Completion of their construction will contribute to achieving the national target of a 33% share of renewable energy in final consumption.

The project on the Krnovo hill is being implemented by the Austrian company Ivicom Consulting and the French company Akuo Energy. A representative for the construction is the newly established company Krnovo Green Energy, whereas the project financiers, in addition to the EBRD, are the German Development Bank (KfW) and Proparco, a French investment company for economic cooperation promotion.

The windmills on the Krnovo hill represented the first large investment in electric power capacities in Montenegro since 1980.

The 20 year lease contract of state land, with possibility of extension up to a maximum of five years, was concluded on 5 August 2010.

According to the contract, for the first 12 years of operation the guaranteed purchase price of electricity generated by the windmill cannot be lower than €95.99 per MWh.

Source: Cafe Del Montenegro