Source and EPCG Initiate Montenegro's First Solar Projects

Masdar has launched, in collaboration with Montenegro’s National Electricity Company (EPCG), two solar projects with a total capacity of 150 MW, along with a study to develop a pumped hydro storage plant exceeding 400 MW. This partnership aims to diversify Montenegro’s energy sources, enhance energy security, and facilitate the export of clean electricity to Europe. It involves investments of hundreds of millions of euros and the development of a renewable energy portfolio reaching up to 2 GW by 2030. The project represents a strategic step to boost reliance on renewable energy and ensure the stability of the regional power grid.

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