The Government of Montenegro just made a move that’s bound to stir the pot – they approved a long-term loan of a whopping 25.63 million euros from the European Bank for Reconstruction and Development (EBRD). For what? The second phase of the Gvozd 2 wind farm project, boasting an installed capacity of 21 megawatts. Yes, you read that right – over 25 million euros for wind that’s supposed to bring green energy and save the planet. But is this really a smart move or just another financial gamble that Montenegrin taxpayers will have to foot the bill for?
What’s behind this loan?
The government explained that this long-term loan is necessary to realize the second phase of the Gvozd 2 wind farm. The project is part of a broader strategy for renewable energy sources, but is it worth such a financial burden? With an installed capacity of 21 MW, the wind farm isn’t tiny, but it’s not huge either – the question is whether it will deliver the expected return on investment and how much it will actually contribute to Montenegro’s energy system.
Regulations and legal changes – chaos or necessity?
Besides the loan, the government also repealed the previous regulation on how to acquire the status of a privileged electricity producer. Why? Because the old regulation wasn’t aligned with new laws on the use of renewable energy sources. Now, a new rulebook is expected to precisely regulate this process. In short, ongoing administrative chaos that could slow down or complicate the entire process.
Is this just another example of money being spent without a clear strategy?
While the government boasts about green projects and investments, citizens wonder – who will pay the bill in the end? A debt of over 25 million euros is no small matter, and if the project doesn’t deliver the expected results, the consequences will be severe. Has anyone considered alternatives? Was a detailed risk analysis done? Or is this just another example of taking loans with consequences left for future generations?
Green projects or a financial bubble?
Renewable energy is the future, no doubt. But is every announced project automatically a good one? Wind can be a powerful ally, but also unpredictable. An investment of 25.63 million euros must be accompanied by a clear plan, transparency, and realistic expectations. Without that, we might end up with another financial bubble that bursts on taxpayers’ backs.
Conclusion – time for a serious debate
The Government of Montenegro’s decision to take a loan from EBRD for the Gvozd 2 wind farm is no small matter. It’s a serious financial step that requires careful consideration and transparency. Citizens deserve to know where their money is going and what benefits they will get from these investments. If you have an opinion on this move, whether for or against, feel free to drop a comment – maybe your voice will spark the real conversation!
And hey, if this sounds like just another one of those government decisions that look good on paper but could be a disaster in practice, you’re not alone. Let’s see who’s brave enough to say what they really think!
