Ivicom Holding developing new wind farm in Montenegro

Construction is set to break ground on a new wind farm in central Montenegro in 2021. The Gvozd wind farm is expected to power around 25,000 households. Austria’s Ivicom Holding is backing the project. The Gvozd wind farm will go up in five phases and will be connected with the existing Krnovo wind farm, which was also developed by Ivicom in partnership with Akuo Energy. It will have an estimated annual production of 145 GWh. the investment is valued between €60m and €70m.