This agreement sets the stage for a long-term strategic partnership, with the primary focus on developing new hydropower plants to bolster Montenegro’s energy security.
The memorandum outlines EDF’s potential role as a strategic partner, contributing to the design, investment, and operation of hydropower projects in Montenegro. Both companies have committed to applying the highest international standards in environmental protection and sustainability practices.
Two projects, the Kruševo and Ćehotina hydropower plants, have been highlighted as potential developments within this partnership.
Beyond hydropower, the agreement leaves room for collaboration on solar energy projects and large-scale energy storage solutions, such as battery systems and green hydrogen, aimed at enhancing grid flexibility and further integrating renewable energy sources into Montenegro’s infrastructure. This partnership aligns with both countries’ broader efforts to accelerate their transition to low-carbon energy solutions.