Europe: Brent oil, TTF...

During the fourth week of June, Brent crude oil futures prices experienced a...

Europe: Electricity prices fall...

In the fourth week of June, average electricity prices declined across most major...

Europe: Electricity demand rises...

During the week of June 23, electricity demand rose across most major European...

Solar and wind energy...

During the week of June 23, solar photovoltaic (PV) energy production rose in...
Supported byClarion Energy
HomeSEE Energy NewsMontenegro: Alcazar Energy...

Montenegro: Alcazar Energy signs agreement for 118 MW wind project

Luxembourg-based renewable energy investor Alcazar Energy has signed a network connection agreement for its 118 MW Bijela wind project with Montenegro’s electricity transmission system operator, CGES. This agreement includes the necessary infrastructure construction to connect the wind farm to the Brezna substation in northeastern Montenegro, with commercial operations expected to begin in 2027.

The Bijela wind project, announced last year, aims to be one of the largest wind farms in the Western Balkans, effectively doubling the country’s installed wind power capacity. The project is estimated to cost around $200 million and is part of Alcazar’s broader initiative to create the largest renewable energy platform in the region, with planned investments totaling approximately $600 million.

Once operational, the Bijela wind farm is expected to supply electricity to over 20,700 households and prevent more than 260,000 tons of carbon dioxide emissions annually. Construction is slated to commence in early 2025, in collaboration with the original greenfield developers, Simes Inzenjering and Sistem MNE.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Europe: Brent oil, TTF gas and CO2 prices decline in late June amid easing Middle East tensions

During the fourth week of June, Brent crude oil futures prices experienced a decline. On Monday, June 23, the price settled at $71.48 per barrel, already 7.2% lower than the last session of the previous week. Prices continued to...

Europe: Electricity prices fall in late June amid lower gas costs and high renewables

In the fourth week of June, average electricity prices declined across most major European markets compared to the previous week. The United Kingdom’s N2EX market experienced the largest drop, falling by 28%. Other markets saw decreases ranging from 1.3%...

Europe: Electricity demand rises in most markets amid seasonal shifts and holidays

During the week of June 23, electricity demand rose across most major European markets compared to the previous week. Germany and Italy saw the largest increases, with demand growing by 8.2% and 8.1% respectively. France experienced the smallest increase...
Supported byVirtu Energy
error: Content is protected !!