October 15, 2025
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Šahmanović: Second submarine cable line with Italy to be installed by 2031

The second line of the submarine cable connecting Montenegro and Italy is expected to be completed by 2031, Montenegro’s Minister of Energy and Mining Admir Šahmanović said at the European Union – Montenegro Investment Conference.

The two-day conference, titled Smart Growth, Green Future: Accelerating Investment in Montenegro, was opened yesterday in Luštica, near Tivat, by European Commission President Ursula von der Leyen and Prime Minister of Montenegro Milojko Spajić.

Fourteen cooperation projects between Montenegrin and European companies have been initiated at the conference, including investments in wind farms, solar parks, energy storage, and grids. It shows the great significance of the energy sector for investments.

A panel called Renewables: Scaling Montenegro’s Energy Transition examined the possibilities for accelerating the country’s energy transition and enhancing the sector’s attractiveness for investment in renewables.

Šahmanović: Montenegro strives to position green energy as an export product

Prominent international experts and investors took part in the discussion. Representing the Government of Montenegro, Minister of Energy and Mining Admir Šahmanović outlined the country’s renewable energy priorities and highlighted Montenegro’s role as a regional leader in clean energy.

Montenegro has fully harmonized its legislation with EU standards, creating a stable and predictable investment environment, in his words. Šahmanović highlighted the launch of the first solar power auction as a significant step forward in the development of renewables.

Photo: Đorđe Cmiljanić/Government of Montenegro

“The government invests in battery energy storage systems (BESS), ensuring the flexibility and stability of the grid. Montenegro strives to position green energy as a recognizable export product, thereby strengthening the country’s economic sustainability,” Šahmanović stated.

He revealed that Montenegro is about to sign a memorandum of understanding with Italy that would additionally position Montenegro as an energy bridge between the Western Balkans and the EU.

Montenegro is looking for strategic partners and investors ready to jointly implement capital projects in the energy sector

The government is wrapping up the work concerning the oil and gas sector to close chapter 15 in its accession negotiations with the EU, further strengthening investor trust, Šahmanović said.

“The implementation of the project for the construction of the second phase of the subsea cable link with Italy is expected by 2031, which will further strengthen Montenegro’s role in regional and European energy connectivity. Montenegro is looking for strategic partners and investors ready to jointly materialize capital projects in energy and contribute to regional energy stability,” the minister underlined. The investment is estimated at EUR 500 million, he asserted.

In a message to investors, Šahmanović said Montenegro is open for investments and added: “Now is the time for you to invest. We will be your service 24 hours a day, seven days a week.”

Participants at the panel included Daniel Calderon, Alcazar Energy Co-Founder and Managing Partner, Yann Guinard, EDF Director of Development for Europe, Louis Blanchard, Qair Energy President, and Nemanja Mikać, ElevenEs CEO.

Memorandum with EDF

Admir Šahmanović and Yann Guinard (photo: Ministry of Energy and Mining)

Within the conference, the Ministry of Energy and Mining of Montenegro and EDF International Networks signed a memorandum of understanding. It establishes a framework for future cooperation on modernizing the distribution network, digitizing smart grids, and integrating renewable energy sources, according to the ministry.

The memorandum foresees the implementation of pilot projects and feasibility studies that will contribute to the acceleration of the energy transition of Montenegro.

Admir Šahmanović said the deal is an important step towards strengthening green and innovative energy projects. Cooperation with EDF confirms the position of Montenegro as a country with a clear vision and open opportunities for investors, he underscored.

“EDF International Networks, as part of the global EDF Group, brings international expertise in the sector of power distribution, grid upgrade and digital transformation, which opens up space for new strategic partnerships and capital infrastructure projects,” the minister pointed out.

The memorandum confirmed the joint commitment to sustainability, integrity and energy security, with a clear focus on the well-being of citizens and the economy of Montenegro, the ministry said.

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October 15, 2025
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EU-Montenegro Investment Conference: 14 partnerships, MoUs signed for energy, sustainable projects

A total of 14 cooperation projects between Montenegrin and European companies have been initiated at the ongoing European Union-Montenegro Investment Conference, including investments in wind farms, solar parks, energy storage, and grids.

The two-day conference, titled Smart Growth, Green Future: Accelerating Investment in Montenegro, was opened today in Luštica, near Tivat, by the President of the European Commission, Ursula von der Leyen, and the Prime Minister of Montenegro, Milojko Spajić.

Montenegro’s growing potential for strategic, green, and sustainable investments was presented through new partnerships between leading Montenegrin and European companies, according to a press release by the Government of Montenegro.

The Conference was jointly organized by the government and the European Commission, with the support of the Montenegro Investment Agency (MIA).

State power utility EPCG has signed three memoranda of understanding

State-owned power utility Elektroprivreda Crne Gore (EPCG) has signed three memoranda of understanding (MoUs). One was signed with Akuo for the development of several renewable energy projects, including floating solar, a photovoltaic plant, and energy storage.

The second MoU, signed with SS&A Power Group, envisages the development, manufacture, and installation of thermal energy storage, while the third, with Wind Fisher, concerns a new technology for high-altitude wind power generation.

Alcazar Energy signed a memorandum with the government’s project management office for the development and financing of renewable energy projects. CWP Europe and the Montenegrin Investment Agency (MIA) signed a memorandum on the development of the Montečevo solar farm project with battery storage. The company signed a similar agreement for its project in Albania yesterday.

A memorandum was also signed between Čevo Solar and Grawert Jenny & Partner on battery energy storage systems (BESS). A 20 MW/60 MWh battery is being considered.

Four sustainable investment partnerships were also signed

The Ministry of Energy and Mining and EDF will further discuss the issue of modernizing Montenegro’s power distribution network.

Among the signed documents is an MoU on collaboration between the European Bank for Reconstruction and Development (EBRD) and Erste on a Regional Energy Efficiency Program (REEP), as well as cooperation in the field of wastewater management between Suez and MIA.

In addition, four sustainable investment partnerships were also signed: Farm2Fork Montenegro, Station M, Green Logistics Hub, and Northern Investments Compact for Ecology & Resilience (NICER). Green Logistics Hub refers to the Port of Bar, which aims to become the first net-zero port on the Adriatic. NICER concerns the just transition and is led by the Pljevlja Coal Mine.

Von der Leyen: Do not wait for accession to invest in Montenegro

Photo: Bojan Gnjidić/Vlada Crne Gore

The event brought together senior representatives of the Government of Montenegro, the European Union, international financial institutions, as well as prominent European and Montenegrin investors.

“My message is very clear: do not wait for accession to invest in Montenegro, because by then you may miss the opportunities that others will seize,” Ursula von der Leyen noted.

She stressed that by continuing its European journey with determination and speed, Montenegro is making its goal of EU accession attainable.

“Today, we are opening a new chapter of development—we are beginning a major investment cycle, strengthening our ties with the European market even before formally joining the European family. Today, we are bringing our vision of green and smart growth to life. We are doing this together with our most important strategic partner—the European Union, which is also the largest investor in our country,” Prime Minister Milojko Spajić said.

He recalled that the country plans to close all negotiating chapters with the EU by the end of 2026 and become its 28th member state in 2028.

Photo: Bojan Gnjidić/Vlada Crne Gore
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October 14, 2025
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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.

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October 14, 2025
by in News

Croatian IE-Energy, Slovenia’s NGEN plan virtual network of smart battery storage systems

Croatian firm IE-Energy and Slovenia’s NGEN are developing a battery system for smart energy storage, with a total operating power of 60 MW and a capacity of 120 MWh. The project, valued at 60 million, marks the first step toward creating a virtual network of battery storage systems that would connect producers and consumers of renewable energy.

The project has received a EUR 19.8 million grant from the European Union’s Modernization Fund. The funds are intended for the second and crucial phase of the project, for 50 MW, while the first phase, of 10 MW, is already in an advanced stage of implementation, Croatia’s Ministry of Economy stated following the signing of the subsidy contract.

The project, located in the Croatian city of Šibenik, is expected to be completed as early as next year, according to the statement.

IE-Energy CEO Željko Šmitran told Balkan Green Energy News it would be the first battery energy storage system in Croatia connected to the transmission grid. The project is being implemented in partnership with NGEN, which is also the main engineering, procurement, and construction (EPC) contractor.

The battery modules used are Tesla Megapacks, which enable real-time grid balancing, he added. 

The virtual smart energy storage network will connect renewable power plants, industry, and households

The project represents the first step towards creating a virtual network of smart energy storage facilities that will connect renewable energy producers, industry, and households, Šmitran explained.

The entire project is connected to NGEN’s advanced technology platform, which enables participation in the markets for ancillary services, balancing, and intraday trading, as well as electricity supply, added Šmitran.

Developing a regional smart storage network

The model developed in Croatia in collaboration with NGEN is intended to be replicated in other regional markets where grid flexibility and system stability are in high demand, including Serbia, Bosnia and Herzegovina, and North Macedonia, Šmitran said.

The objective is to build a regional model of smart battery storage facilities and energy communities that will ensure sustainable, reliable, and independent energy supply across Southeast Europe in the long term, he said.

In its statement, the Ministry of Economy also said that the project in Šibenik paves the way for advanced grid services, such as virtual inertia for grid stabilization.

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October 9, 2025
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Indian ChemVolt Global, Serbian ElevenEs forge strategic partnership for batteries

Indian company ChemVolt Global and ElevenEs, based in Serbia, established a strategic partnership to accelerate the development of battery energy storage systems (BESS), lithium-ion cell manufacturing, and electric vehicle (EV) battery pack supply across India.

ChemVolt Global is a clean energy and storage solutions company and ElevenEs develops lithium-ion battery cell technology.

The collaboration combines ChemVolt Global’s extensive expertise in project development, engineering, procurement, and construction (EPC), and local market execution, with ElevenEs’ industry-leading experience in lithium-iron-phosphate (LFP) cell technology and large-scale European manufacturing, the Serbian company said.

The first objective is to deploy advanced BESS solutions across India and the Middle East

The two companies aim to establish a robust ecosystem for advanced energy storage and electric mobility in India.

The partnership includes three key objectives.

The first one is to deploy advanced BESS solutions across India and the Middle East, with advanced lithium ion cells with a higher life cycle and less degradation and high thermal stability.

The two companies also plan lithium-ion cell manufacturing collaboration based on ElevenEs’ pioneering European cell technology and production capabilities, the update reads.

The companies intend to accelerate the adoption of electric mobility across India

The third goal is to supply EV battery packs to original equipment manufacturers (OEMs).

The partners plan to enable domestic automotive manufacturers to access high-performance, safe, fast-charging and reliable battery packs, accelerating the adoption of electric mobility across India.

Gupta: The deepening industrial and technological cooperation between India and Europe

ChemVolt Global CEO Kuldeep Gupta said the partnership with ElevenEs represents a defining moment for India’s clean energy and electric mobility ambitions.

“Beyond technology, this collaboration reflects the deepening industrial and technological cooperation between India and Europe, positioning both nations at the forefront of the global energy transition,” he stated.

Mikać: We are not just participating

According to Nemanja Mikać, CEO of ElevenEs, the partnership is a decisive move to bring the company’s proven LFP cell technology and large-scale manufacturing to India.

ElevenEs’ expertise, in his words, is ready to deliver nothing less than advanced battery solutions that will be foundational to India’s energy independence.

“We are not just participating; we are positioned to define the future of this industry,” Mikać stressed.

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October 8, 2025
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GridFlex to install standalone BESS in Serbia

GridFlex plans to install a standalone battery energy storage system with a capacity of 125 MWh near the city of Leskovac, in southern Serbia. The investment is estimated at EUR 17 million.

Serbia doesn’t have any utility-scale batteries, but many are in the project pipeline. GridFlex is one of 11 companies in the process of obtaining approvals from transmission system operator (TSO) Elektromreža Srbije (EMS) for the connection of planned standalone battery energy storage systems (BESS) to the network.

Mayor of Leskovac Goran Cvetanović met with representatives of Turkish company GridFlex, which has an office in Belgrade.

Battery systems provide flexibility to the system

The company is developing a project for a BESS that would provide system flexibility, support the integration of renewable energy sources, and contribute to the local economy, the city authority said.

GridFlex plans to invest EUR 17 million in the installation of an energy storage facility in Leskovac, the update revealed.

Owner and CEO of GridFlex Alkin Yaman participated in the meeting.

The deadline for completing the construction is the end of 2026

The planning and technical documentation for the facility is under development. The deadline for completing the facility is the end of 2026, while commissioning is expected in early 2027, the city stressed.

The battery would be installed on 1.5 hectares of privately owned land that the firm purchased near the Leskovac 2 substation.

The city will provide assistance to GridFlex for project implementation.

Three co-owners

The investment will secure numerous benefits for the city – the possibility of new investments, weakened load and voltage fluctuations in the power system, and an increase in the capacity for connecting new local consumers and producers to the grid, the local authority stressed.

According to data from the Business Registers Agency, the owners of GridFlex are Alkin Sevket Yaman, Sirin Cem, and Denis Severinov Karamov.

Of note, investors in Serbia are in the process of obtaining approvals for connecting their planned BESS facilities of an overall 2,021 MW and 5,899 MWh to the grid. They would be standalone batteries and ones co-located with power plants.

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October 3, 2025
by in News

CEE Energy Conference to be held in London on October 7

Featuring a series of expert-led presentations and panel discussions, the second edition of the annual CEE Energy Conference, taking place in London on October 7, will explore the rapid evolution of the energy sector in Central and Southeast Europe.

CEE Energy Conference 2025: From Generation to Stability – Accelerating the Energy Transition in CEE is organized by international law firm CMS and is free of charge. It will bring together speakers from CMS offices across the CEE/SEE region and the UK, alongside representatives from transmission system operators (TSOs), regulators, and leading energy companies.

The conference will feature country spotlights and two panels, with speakers presenting key developments and innovations from the Czech Republic, Romania, Poland, Bulgaria, Hungary, Ukraine, Slovakia, Croatia, and Austria.

A panel titled BESS, Balancing & Grid Stability will include case studies from across the region, as the BESS market continues to attract international investors. At the second panel, PPAs & Tolling Agreements, participants will share insights into emerging and maturing markets, with perspectives from developers, investors, and legal experts.

One of the key speakers is Thomas Hamerl, an expert in renewables, energy storage, and infrastructure

One of the key speakers is Thomas Hamerl, an expert in renewables, energy storage, and infrastructure and Head of the Energy and Climate Change Group at CMS Reich-Rohrwig Hainz. He will speak at the event on regulatory developments and investment possibilities in Austria, Croatia, Montenegro and Serbia.

Participants in the second annual CMS CEE Energy Conference will have the opportunity to join industry leaders in exploring the latest trends, investment opportunities, and challenges, as well as sector developments, according to Hamerl. “On top of that, market-specific developments will be presented for Bulgaria, the Czech Republic, Croatia, Hungary, Serbia, Poland, Austria, and many more,” he stressed.

Thomas Hamerl is an attorney-at-law and a specialist in infrastructure projects, including public-private partnerships (PPP) and concessions. He is also a leading expert in energy law, public procurement law, and construction and infrastructure-related dispute resolution. CMS Reich-Rohrwig Hainz, based in Vienna, operates in Austria and the Western Balkans.

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October 3, 2025
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Batteries totaling 5,899 MWh in grid connection procedure in Serbia

Investors in Serbia are obtaining approvals for connecting their planned battery energy storage systems of an overall 2,021 MW and 5,899 MWh to the grid. The projects are for standalone batteries and ones that would be co-located with power plants.

Battery energy storage systems (BESS) are rapidly expanding worldwide, and Southeast Europe is no exception. European Union member states in the region such as Bulgaria and Romania are making major strides, while the other countries are trying to catch up. For example, Bosnia and Herzegovina, Montenegro, North Macedonia and Serbia.

As of September 29, Serbia’s transmission system operator (TSO) Elektromreža Srbije (EMS) received a total of 12 applications for the development of connection studies for standalone BESS, Nebojša Vučinić, manager of the Development Division of EMS, told Balkan Green Energy News.

Two applications were submitted in January for the study development interval of March 1 to June 30, 2025, and ten more were received for the current interval, which lasts from September 1 to December 31. Out of the first two applications, the one from Green BESS KV is no longer valid, because the firm didn’t submit a bank guarantee.

EMS develops connection studies every year in two intervals.

The following companies are in the process of connecting standalone BESS:

  • MKBDP Energy
  • Green Land New Energy
  • Green Mountain New Energy
  • BP WPP
  • Blue BESS KV
  • Red BESS KV
  • Yellow BESS KV
  • ENLIGHTNES PV OPERATIONS
  • ENLIGHTNES PV PARK
  • Gridflex

As for the status of their applications, MKBDP Energy has submitted a bank guarantee, and the signing of the grid connection contract is expected.

For the other ten requests, the grid connection studies are underway. They are expected to be completed by December 31.

Standalone storage facilities are planned in Valjevo, Vranje, Subotica, Kovačica, Vršac, Leskovac, Kragujevac, Kruševac, Jagodina, and Ćuprija.

A total of 55 battery projects are in the connection procedure

The 11 standalone storage projects amount to 1,072.66 MW and 2,981.98 MWh altogether, Vučinić said.

The 44 storage facilities that would be co-located with power plants utilizing variable renewable energy sources would have 948.46 MW and 2,917.31 MWh, as stipulated in the Law on the Use of Renewable Energy Sources.

All battery storage projects in the grid connection process amount to 2,021.12 MW and 5,899.29 MWh, Vučinić stressed.

MKBDP Energy’s project has advanced the most in the connection process

According to Vučinić, implementation of BESS projects depends on the progress that an investor achieves. Currently, MKBDP Energy’s investment has passed the most milestones in the connection process, he added.

EMS noted that the grid connection process for standalone battery storage is defined by the Law on Energy and bylaws.

The deployment of standalone batteries complements the integration of power plants running on variable renewable sources

The state-owned company sees no obstacles to integrating standalone BESS into the transmission system. The TSO expressed commitment to assisting investors while maintaining the safety of the entire power system’s operation.

EMS also called the increase in applications for standalone batteries a positive development.

The emergence of standalone batteries complements the integration of power plants utilizing variable renewable energy, and since a large number of such power plants are expected to be connected, the integration of standalone storage helps the power system’s flexibility and safety, Vučinić underlined.

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September 29, 2025
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HiTHIUM, Solarpro partner to develop long-duration energy storage in Eastern Europe

China-based HiTHIUM and Solarpro Holding have signed a 2 GWh master supply agreement for battery energy storage systems.

HiTHIUM is a global provider of long-duration energy storage (LDES) technology, while Solarpro Holding is an EPC provider of photovoltaic and battery energy storage systems (BESS) in Europe.

The agreement will support multiple utility-scale projects across Eastern Europe, including but not limited to Bulgaria, Hungary, Romania, and North Macedonia – which are accelerating renewable deployment as part of their energy transition strategies, according to HiTHIUM.

HiTHIUM will supply its bespoke DC block solutions

Under the agreement, HiTHIUM will supply its bespoke direct current (DC) block solutions, applying the ∞Power 6.25 MWh BESS with high-performance batteries of 1,175 Ah and 587 Ah.

The devices will be deployed exclusively in several utility-scale projects across Europe, HiTHIUM stressed.

DC block is the basic unit of a large BESS and a ready-to-deploy solution.

HiTHIUM expressed the opinion that intraday market volatility and cannibalization of photovoltaics can be addressed mostly by LDES solutions.

Li: We will deliver projects that turn renewables generation into dispatchable, flexible, and reliable resources

According to Kelson Li, HiTHIUM Europe Senior Director of Sales, Eastern Europe’s energy transformation requires energy storage solutions that go beyond short-term balancing.

“By combining HiTHIUM’s industry-leading long-duration energy storage technology with Solarpro’s deep regional experience in large-scale renewable energy integration, we will deliver projects that turn renewable generation into dispatchable, flexible, and reliable resources, advancing the region’s clean energy transition,” he underlined.

Nenov: LDES is a next critical technology upgrade of Europe’s electricity generation mix

Konstantin Nenov, Solarpro Chairman, said his company sees LDES as the next critical technology upgrade of Europe’s electricity generation mix.

“Partnering with HiTHIUM allows us to combine their advanced BESS technology with our proven track record in designing, integration and delivering complex renewable and storage projects across the region,” he stated.

HiTHIUM and Solarpro have already collaborated on landmark projects in Bulgaria and Hungary that were commissioned in 2024 and 2025.

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September 25, 2025
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Enery, Teva sign 15-year virtual PPA for solar, BESS in Bulgaria

Renewable energy firm Enery and Teva Pharmaceutical Industries have signed a 15-year hybrid power purchase agreement.

Under a financial or virtual power purchase agreement (PPA), a future solar power plant with two battery energy storage systems (BESS) will supply 60,000 MWh of electricity annually to Teva’s two plants in Bulgaria.

The landmark agreement is the first of its kind in the region to include green electricity supply from a newly built solar power plant with BESS and the longest one in Bulgaria so far, Enery said.

It is the Austrian company’s 15th PPA signed in the last four years across Central and Eastern Europe and the second one involving a Bulgaria-based offtaker.

The PPA sets a precedent for integrating storage within virtual PPA structures

Over the 15 years, the project is expected to avoid emissions of 15,840 metric tons of CO2 equivalent per year, supporting Teva’s goal to reduce scope 1 and 2 emissions by 46.2% by 2030.

The hybrid PPA also sets a precedent for integrating energy storage within virtual PPA (vPPA) structures, enhancing grid resilience and the value of renewable energy procurement, Enery stressed.

According to the company, the agreement will facilitate the construction of a photovoltaic park of 122 MW in peak capacity, equipped with two BESS installations at the site — one with a capacity of 70 MWh and another of 130 MWh. Located on non-arable land in the villages of Knizhovnik and Dolno Voyvodino in the Haskovo municipality, south Bulgaria, the Knizhovnik solar park is projected to produce 200 GWh of clean electricity per year.

Decktor: Teva is not only securing clean energy but also enhancing grid resilience and flexibility

“This agreement represents another significant step forward in our decarbonization journey,” said Josh Decktor, Teva’s Vice President and Global Head of Environment, Health, Safety and Sustainability.

By investing in a newly built solar asset with integrated storage, Teva is not only securing clean energy but also enhancing grid resilience and flexibility – key components of its strategy to meet its science-based targets, he added.

“We are proud that our projects are being realized thanks to an innovative partnership with companies that are proven leaders in their market niche, such as Teva, and demonstrate a strong commitment to the environment and society,” Enery’s Chief Commercial Officer Severin Vartigov stated.

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