Wind Farm Brajići Project in Budva Estimated at 100 Million EUR

By , 28 Oct 2019, 18:10 PM Business
Wind Farm Brajići Project in Budva Estimated at 100 Million EUR Copyrights: Pixabay

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28 October 2019 - A consortium of the German WPD AG company and Vjetroelektrana from Budva is the only bidder for the construction of Brajići wind farm, offering 100 million EUR.

As Cafe del Montenegro reported, five companies have purchased tender documentation in the public tender invited for the lease state-owned land. Only one bid was submitted within the established deadline.

The bid encompasses the construction of a wind warm with a capacity of 100,8 MW, a 100 million EUR investment. The lease of the land will be 2,50 EUR per square meter for a total of 220.770 square meters of land.

WPD AG, a renowned German company, is experienced in the implementation of similar projects in many world countries, with a 4.400 MW portfolio of installed capacity.

The bid also envisages the participation of national companies for 21,6 million EUR, which will further enhance the multiple effects of the project.

Research and measurements of wind potential in Brajići were carried on the grounds of licenses issued by the competent Ministry, between May 2013 and May 2015 and between November 2016 and November 2017.

German WPD expressed its interest in the construction of the Brajići wind farm at the beginning of this year. Andreas Scholl, WPD Director for Europe, met in February with Montenegro’s Prime Minister Duško Marković and said that they wanted such investment in Montenegro.

Similarly, the wind farm Gvozd project was recently estimated at 58 million EUR, rated at 55 megawatts and, according to the estimates, it will have 13 turbines. Shareholders in the state energy company supported the decision on the construction of the Gvozd wind farm. Executive manager of the Directorate for Development and Engineering in the Electric Power Company of Montenegro Ivan Mrvaljević said that development of the Study on the potential of wind and energy production assessment, and the Study on the market and business model of Gvozd wind farm had been carried out before the investment decision.

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