Global Investment Holdings Plans to Build the 6 MWp Barsolar Rooftop Solar Photovoltaic Project in Montenegro
/7th January 2020, by Renewable Market Watch™/
Global Investment Holdings (GIH) registered its first international power-generation investment with the establishment of Barsolar in Montenegro. Barsolar plans to develop a roof-top solar plant in Port of Adria, Bar. Located on Montenegro’s western coast on the Adriatic Sea, Bar is situated at the foot of Rumija Mountain. From Bar, a railway line connects central and northern Montenegro; the rail line extends further to Belgrade, the capital of neighbouring Serbia. Ferry lines connect the city with Bari on the Italian coast.
Global Ports Holding, the main subsidiary of GIH that invests in port terminals around the world, has been operating Port of Adria since 2012 through a concession agreement valid until 2043. Barsolar is expected to generate about 6.9 million kWh electricity per annum, meeting the electricity requirement of more than 2.6 thousand households. The solar power plant will be constructed on warehouse roofs covering an area of over 66,000 square meters at the port. The total installed capacity of the plant is planned as 5 MW (6MWp).
The price is guaranteed through the feed-in tariff for 12 years. Barsolar plans to complete construction of the facility by the second half of 2020. Once operational, Barsolar will the investor and operator of the largest rooftop solar PV power plant in Montenegro.
The more information about solar photovoltaic (PV) power in Western Balkans, including full contact details of solar power project owners and developers in Montenegro you may read here: Western Balkans Solar Photovoltaic (PV) Power Market Outlook 2020÷2030
To download the executive summary brochure with sample pages for the solar sector, please access from here: Western Balkans Solar Photovoltaic (PV) Power Market Outlook - Sample
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