2026-04-23 05:34:52
Masdar Establishes Joint Venture with Montenegro's EPCG to Develop Large-Scale Renewable Projects
Masdar and EPCG form a 50/50 Montenegro JV to develop solar, wind, hydro, storage, and hybrids for domestic use and exports to Western Balkans, aligning with Masdar’s 2030 growth goal.
Abstract: Masdar and EPCG establish a 50/50 Montenegro joint venture to develop large-scale renewables, including solar, wind, hydro, pumped-storage, standalone batteries, and hybrid energy solutions, to meet Montenegro's needs and enable exports to the Western Balkans and Southern Europe via Italy's subsea links. The venture signals Masdar's European expansion toward its 2030 target, following prior Montenegro investment and broader regional moves such as Terna Energy acquisition, a RWE storage MoU, and a stake sale in Portuguese wind farms.