GREEN GVOZD II

About Us

Our project Wind Farm Gvozd II represents a continuation of Gvozd I project (54,6MW) and stands as a green investment of strategic importance.

The project is developed by SPV – Green Gvozd WPP Second Phase d.o.o. (co-development of Elektroprivreda Crne Gore AD and Ivicom Holding GmbH) and is financed by the European Bank for Reconstruction and Development (EBRD), reflecting trust in Montenegro’s sustainable energy future.

With an installed capacity of 21 MW, Gvozd II will generate clean electricity sufficient for thousands of households, while at the same time reducing greenhouse gas emissions and contributing to climate change mitigation. We are strong in commitment to design the project in line with highest environmental and social standards, ensuring preservation of biodiversity, responsible use of resources and benefits for local communities.

Through this project, our team works to transform commitment into action – advancing responsible development and strengthening Montenegro’s place in Europe’s clean energy transition. With every turn of the blades, we want to remind ourselves and others that clean energy is the promise of a greener tomorrow.

Related links:

• EPCG
• IVICOM-HOLDING