Montenegro has plans to develop solar and wind energy projects totaling 4,000 MW, according to Admir Šahmanović, Minister of Mining, Oil and Gas and the Coordinator of the Ministry of Energy. Speaking at the Economic Dialogue Montenegro-Italy round table, Šahmanović emphasized the need for stronger bilateral cooperation in the energy sector and highlighted Montenegro’s strong investment potential in renewable energy.
He noted that the planned projects could raise Montenegro’s energy production capacity from 1 GW to 5 GW, offering significant potential for energy transition and long-term supply stability. Šahmanović is also set to be one of the keynote speakers at the upcoming Belgrade Energy Forum on May 14 and 15.
The minister highlighted the strategic importance of expanding the electricity interconnection with Italy by building a second subsea cable. Since 2019, the existing underwater power link has enabled reliable electricity transmission between the Balkans and the EU. A second line would enhance energy security and facilitate greater integration of renewables in the region.
In addition to renewables, Šahmanović pointed to the mining sector as another area ripe for international cooperation. He called for a comprehensive analysis of Montenegro’s mineral resources and the involvement of strategic partners to modernize the sector while maintaining high environmental and sustainability standards.
The round table was organized by the Italian Embassy and the Italian Trade Agency (ICE), in partnership with the Chamber of Commerce of Montenegro. Italian Ambassador Andreana Marcella said the event stemmed from earlier discussions between the two governments and expressed optimism that the B2B and B2G meetings would yield tangible outcomes in energy, agriculture, and infrastructure. ICE representative Antonio Ventresca noted that the event signals the beginning of long-term collaboration. The round table was also attended by Montenegro’s ministers of ecology and tourism, Damjan Ćulafić and Simonida Kordić.
