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Masdar, EPCG JV Plan Solar, Hydro Energy Storage Projects in Montenegro

MT Newswires·07/28/2026 04:19:32
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04:19 AM EDT, 07/28/2026 (MT Newswires) -- The joint venture between Abu Dhabi Future Energy Co., d/b/a Masdar, and Montenegro utility Elektroprivreda Crne Gore, or EPCG, will develop 150 megawatts of solar capacity and potentially over 400MW of pumped hydro energy storage. The partners signed joint development agreements for the 115-MW Štedim and the 35-MW Krupac solar parks as well as a framework for action deal to explore the development of the hydropower storage project, according to a Tuesday release. The projects are the first planned by the 50/50 venture established by the companies in April to develop up to 2 gigawatts of renewable energy capacity in Montenegro.