UAE, Montenegro to develop renewable projects under new partnership

Abu Dhabi's Masdar and Montenegro's national power utility Elektroprivreda Crne Gore have partnered to explore ways to develop large-scale renewable energy projects in the Balkan country.

Both parties will discuss a venture to construct, own and operate clean energy projects in Montenegro across a range of technologies, including solar photovoltaic (PV), wind, hydropower, stand-alone battery energy storage systems and hybrid solutions.

The collaboration aims to support Montenegro’s domestic energy needs while enabling the export of renewable electricity to the Balkans and Southeast Europe, including leveraging its existing sub-sea interconnection with Italy and potential expansion.

The agreement was signed at Abu Dhabi Sustainability Week in the presence of Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology, and Chairman of Masdar, Milojko Spajić, Prime Minister of Montenegro, and Admir Šahmanović, Minister of Energy and Mining of Montenegro, alongside senior representatives.

"Through investments in renewable energy sources, Montenegro is taking an additional step toward the gradual phase-out of coal and the transition to clean energy, which is the only sustainable solution for future generations. Our goal is a stable system today and a responsible policy for tomorrow," Šahmanović said.

It follows the signing of the UAE-Montenegro Energy Cooperation Agreement between the two countries in early November 2025.

Masdar’s collaboration with EPCG also leverages its existing presence in Montenegro through its 2018 investment in the 72-megawatt Krnovo Wind Farm, which remains the country’s largest operating wind project to date.

The partnership also complements Masdar’s broader expansion and investment in Southeast Europe and Central Europe through its Greek platform, TERNA ENERGY, acquired last year.