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CGES approves €40 million grid deal for 488 MW Sinjajevina wind connections

High-voltage link for Sinjajevina 1 and Sinjajevina 2 Montenegro’s electricity transmission operator CGES has approved an arrangement covering approximately €40 million of high-voltage infrastructure to...

How Serbia and Italy turned CGES into the strategic gateway of the Balkan electricity market

The ownership structure of Crnogorski elektroprenosni sistem (CGES), Montenegro’s electricity transmission system operator, reveals far more about the country’s strategic regional importance than the...

Montenegro grid upgrades funded via AFD loan and EU grant for Perućica and Pljevlja 2

Montenegrin transmission operator CGES has signed a €25 million state-guaranteed loan with France’s AFD on 29 July. The financing is aimed at modernising the...

Montenegro’s CGES Reports Decline in Q1 2026 Profit Amid Rising Costs

The Montenegrin electricity transmission system operator, CGES, has announced a significant decrease in its financial performance for the first quarter of 2026. The company...

Montenegro advances Brezna substation modernization to enhance renewable energy integration

The modernization of the Brezna substation in Montenegro marks a significant advancement in the country's electricity transmission capabilities. The national operator, Crnogorski elektroprenosni sistem...

Montenegro: CGES reports €16.7 million profit in first nine months of 2025, slightly down year-on-year

Montenegrin electricity transmission system operator CGES reported a net profit of 16.7 million euros for the first nine months of 2025, slightly lower than...

Latest news

EU recognition of Western Balkan renewable certificates could boost PPAs but not replace CBAM verification

Renewable generators in Serbia, Montenegro and other Energy Community markets could gain access to a broader European market for the environmental attributes of their...

EU reforms could restore multi-trader electricity exports while leaving contractual risks unresolved

European Union policymakers are considering changes that could make it easier for renewable electricity from neighbouring countries to qualify for actual-emissions treatment under CBAM....

Domestic industrial PPAs open new revenue opportunities for Serbian and Montenegrin renewables

Domestic industrial demand can support renewable investment and improve electricity cost predictability, but the carbon value of a power purchase agreement depends on the...

Montenegro’s electricity exporters need stronger PPAs to secure Italian market revenues

The Adriatic interconnector gives Montenegro's renewable generators access to Italian buyers, but investment returns depend on carbon treatment, delivery profiles and the fallback provisions...

Serbian renewable projects face new contractual challenges on the Hungary export corridor

Export PPAs can expand market access for wind and solar projects, but the revenue ultimately reaching developers depends on delivery rights, trading costs and...