Electricity in Montenegro in 2024

In 2024, Montenegro's electricity consumption reflects a mix of low-carbon and fossil-based sources. Over half (about 59%) of the country's electricity comes from low-carbon sources, primarily driven by hydropower, which constitutes close to half of the total electricity generation. Wind energy contributes to nearly 8% of the mix, while solar energy accounts for a little over 2%, highlighting both the potential and development of these cleaner technologies in the nation. On the other hand, approximately 39% of electricity is still generated from fossil fuels, notably coal. This reliance on coal signifies a significant contributor to greenhouse gas emissions and environmental pollution, underscoring the need for Montenegro to advance its green energy transition. Net imports account for an additional 1.6%, further suggesting that Montenegro could benefit from enhancing domestic electricity production, especially from low-carbon sources.

Suggestions

To increase low-carbon electricity generation, Montenegro can look to the example set by other nations that have successfully transitioned to cleaner energy. For instance, nearby Slovenia generates a notable 34% of its electricity from nuclear power. This demonstrates the viability of nuclear energy as a steadfast, low-carbon option in regions similar to Montenegro. Denmark's significant wind energy production, which accounts for over half of its electricity, also serves as an inspiration for Montenegro to expand its wind energy capacity. Additionally, regional players like Greece and Spain have made substantial progress with solar energy, both exceeding the 20% mark in their energy mixes. By investing in nuclear technology, alongside expanding wind and solar infrastructures, Montenegro can significantly reduce its carbon footprint and align with global sustainability goals.

History

Looking back at Montenegro's development of low-carbon electricity, the country has experienced fluctuations, especially in its reliance on hydropower. In the period from 2006 to 2024, Montenegro has witnessed variable hydropower production, with several years of decline, notably a significant drop in 2011. Despite this, positive growth was observed in years such as 2013 and 2018, indicating periods of recovery or enhanced infrastructure. The introduction of wind energy in 2019 marked a crucial step toward diversifying Montenegro's low-carbon portfolio. The gradual incorporation and stabilization of hydropower, alongside the promising potential of wind, can provide Montenegro a pathway to a more sustainable and resilient energy future. By continuing to integrate and optimize these low-carbon sources further, Montenegro can successfully meet its electricity demand while minimizing environmental impact.

Electricity Imports and Exports

Balance of Trade

Maximum Imports

Data Sources