Solar Sign Inaugurates 5 MW Solar Plant in Bijelo Polje, Advancing Montenegro's Renewable Energy Goals

Official Launch in Bijelo Polje

Montenegro's privately-owned company, Solar Sign, officially inaugurated a new 5 MW solar photovoltaic plant in the northern municipality of Bijelo Polje on October 2, 2025. The project, valued at approximately 4 million euro, represents a significant stride in the country's renewable energy sector. Located in Zaton village, this facility is the first solar power plant in the Bijelo Polje area and marks Solar Sign's fourth solar park in Montenegro.

Investment and Capacity Details

The newly launched solar plant covers an area of approximately seven hectares and boasts an installed capacity of 4.8 megawatts (MW), capable of supplying electricity to around 1,000 average households. It is projected to generate 7,300 MWh of electricity annually. The investment for the plant was reported to be between 4 million euro and 4.5 million euro.

At the inauguration, Petar Smolović, the municipal president, highlighted the plant's importance, stating that it 'demonstrates Bijelo Polje's commitment to attracting green investments and building a sustainable future with the support of reliable partners.' The investors were led by Nermin Omerhodžić, CEO of Solar Sign Zaton, who emphasized the potential of domestic resources.

Solar Sign's Growth and Future Outlook

Solar Sign was established in June 2022 by local entrepreneurs Nermin Omerhodžić, Igor Papić, and Miloš Pejić, each holding a 33.33% stake. The company has rapidly expanded its presence in Montenegro's renewable energy market. Looking ahead, Solar Sign has announced plans to install a battery storage system at the Zaton site by 2027, aiming to enhance the efficiency and reliability of the region's renewable power supply.

Montenegro's Renewable Energy Ambitions

This project aligns with Montenegro's broader strategic goals for renewable energy. The nation has set an ambitious target of achieving a 50% share of renewable energy in its total final energy consumption by 2030. Montenegro possesses significant solar potential, with over 2,000 hours of insolation per year across much of its territory. The country has also recently passed its first-ever Law on the Use of Energy from Renewable Sources in August 2024, providing a framework to accelerate the development of solar and wind power projects and reduce reliance on imported fossil fuels.