Abu Dhabi, UAE – Abu Dhabi Future Energy Company “Masdar”, the global leader in the field of clean energy, announced the signing of an agreement with the National Electricity Company of Montenegro to explore joint development opportunities for large-scale renewable energy projects in Montenegro.
The agreement was signed as part of Abu Dhabi Sustainability Week 2026.
Under the terms of the agreement, Masdar and the National Electricity Company will explore opportunities to develop, build, own and operate clean energy projects using multiple technologies.
Includes solar PV, wind, hydropower, autonomous energy storage battery systems, and hybrid solutions.
This cooperation aims to support Montenegro’s local energy needs, while enabling the export of electricity from renewable sources to the Balkan countries and southeastern Europe.
This includes taking advantage of the existing maritime link between Montenegro and Italy, as well as the possibility of expanding it.
The partnership combines the efforts of the National Electricity Company and its leading position in energy production in Montenegro, and Masdar’s experience in developing renewable energy projects worldwide.
Through this cooperation, the two companies seek to accelerate efforts to achieve energy security in Montenegro and contribute to the development of the energy sector across the European continent.
The agreement comes after the signing of an energy cooperation agreement between the UAE and Montenegro in early November 2025.
Within the framework of the strategic partnership between the UAE and Montenegro, Masdar’s cooperation with the National Electricity Company of Montenegro comes to strengthen its presence in the country.
In 2018, it previously invested in the 72 MW Crnovo wind power plant.
Which is still considered today the largest wind energy project in operation in Montenegro.
This partnership also contributes to supporting the company’s efforts to expand its investments in the Southeast and Central Europe region.
This is done through its platform in Greece, “Terna Energy”, which was acquired last year.
