Europe: Brent oil and...

Brent oil futures for the front month in the ICE market reached a...

Europe: Electricity prices surge...

In the first week of February, average electricity prices increased across most major...

Europe: Electricity demand rises...

In the first week of February, electricity demand increased across most major European...

Europe: Solar energy production...

During the week of February 3, solar photovoltaic energy production saw an increase...
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HomeSEE Energy NewsMontenegro: EPCG signed...

Montenegro: EPCG signed MoU on RES development projects

Power utility EPCG signed a Memorandum of Understanding on the development of renewable energy projects with Polish company Respect Energy. The two companies plan to examine the possibility of a joint venture including the development and operation of an offshore wind power plant with a capacity of up to 2 GW, as well as the development of a battery energy storage and solar power plant in Montenegro.

The MoU envisages the development of an ammonia and hydrogen production plant equipped with an 800 MW electrolyzer.

Vice Chair of Respect Energy Tomasz Zadroga said that joining forces with EPCG shows his company’s firm intention to expand in the local market and in the Balkan area.

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