CWP Europe gets European Commission’s backing for renewables projects in Albania, Montenegro
CWP Europe has signed a joint declaration with the European Commission, the Albanian Investment Development Agency, and the Montenegrin Investment Agency in support of its two landmark renewable energy projects – the Tropoja wind farm in Albania and the Montechevo solar farm with battery storage in Montenegro.
The declaration of support for CWP Europe’s projects was signed during the EU-Western Balkans Investment Forum in Albania’s capital, Tirana, in the presence of Albanian Prime Minister Edi Rama and European Commission President Ursula von der Leyen, according to a press release from CWP Europe, a leading renewable energy project developer in Southeast Europe.
The 600 MW Tropoja wind farm will advance Albania’s energy independence by providing clean, affordable electricity, supporting the country’s energy strategy, the company stressed.
The 600 MW Tropoja wind farm will boost Albania’s energy independence
In Montenegro, the 400 MW Montechevo solar farm will combine solar generation with battery storage directly connected to the country’s new 400 kV transmission grid. It will leverage Montenegro’s strategic interconnections – including the undersea power cable to Italy – to maximize the export of clean electricity and its integration into the European energy market.
A new energy backbone for the Western Balkans and Europe
Speaking at the signing ceremony, von der Leyen emphasized the Western Balkans’ increasing role in Europe’s clean energy transition.
“Today you are signing several investments that will do just that. From clean energy production in all six Western Balkan partners to energy storage in Montenegro. They will bring the cost of electricity down. And they will also contribute to our collective energy independence. You are building a new energy backbone not only for the Western Balkans. But for all of Europe,” said von der Leyen.
CWP Europe CEO Dimitar Enchev signed the declaration on behalf of the company, alongside Executive Vice Presidents Maja Turković and Viktor Garbev.
Enchev: We are unlocking the region’s immense renewable energy potential
“With Tropoja and Montechevo, we are unlocking the region’s immense renewable energy potential and strengthening cooperation across the Western Balkans. We greatly appreciate the support of the European Commission, the Albanian Investment Development Agency, and the Montenegro Investment Promotion Agency in advancing this shared vision for a clean, economically competitive and secure energy future of the region and Europe as a whole,” said Enchev.
Over the past 17 years, CWP has invested in sustainable development and the energy transition, successfully developing the largest wind farms in the region, including the largest one in Europe – the 600 MW Fântânele-Cogealac project in Romania. It is currently developing over 7 GW of renewable energy capacity, according to the statement.
