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

For better understanding about benefits from using our reports you may read here: Benefit List - Reports of Renewable Market Watch 

About Renewable Market Watch™

Renewable Market Watch™ is delivering strategic insight into emerging renewable energy markets through its experienced research team and cutting edge predictive analytics data platform. We partner with our customers to provide research, data and consulting reports in areas appropriate to their specific requirements. Our primary focus is emerging renewable energy markets of the Asia Countries, Balkan countries, Central and Eastern Europe, CIS states (former Soviet Union), LATAM countries and MENA countries. For more information about Renewable Market Watch™ please visit:




Latest News

Renewable Market Watch™ Published New Report "Germany Solar Photovoltaic (PV) Power Market: Outlook 2024 - 2033 - Trends, Forecasts, Investments, Opportunities, Analysis"

Germany's photovoltaic sector has witnessed remarkable growth in the past two decades, positioning the country as the leader in Europe Read More

Bulgaria Announced Two Tenders for Solar Photovoltaic (PV) Technology and Energy Storage Facilities with a Combined Budget of €273.6 Million

The Ministry of Energy of the Republic of Bulgaria has announced two requests for proposals for tender participation to support Read More
  • 1
  • 2
  • 3

From Our Blog

Hungary Wind Power Market: Outlook 2024 - 2033 - Trends, Forecasts, Investments, Opportunities, Analysis

The Hungarian wind power market is underdeveloped and creates opportunities for the entrance of new investors Read More

Better Energy and Andel Join Forces to Build 15 Solar Energy Parks with a Power Capacity of up to 2 GWp

Each partner will own 50% of the completed portfolio, with Better Energy managing the parks' development, construction and technical operation. Read More

Inea Consulting Ltd. is celebrating 15 Years of Business: A Journey of Challenges, Growth and Success

For over a decade and a half, Inea Consulting Ltd. has been at the forefront of the renewable energy industry Read More
  • 1
  • 2
  • 3