KBP Legal advised Elektroprivreda Crne Gore AD Nikšić (EPCG) on the signing of a Joint Venture Agreement with Abu Dhabi Future Energy Company PJSC – Masdar for the development of large-scale renewable energy projects in Montenegro.
The 50/50 joint venture, to be headquartered in Nikšić, will develop and operate clean energy projects across a range of technologies, including solar PV, wind, hydropower, pumped hydro energy storage, stand-alone battery energy storage systems and hybrid solutions.
The JVA was signed at the Adria Future Summit and builds on the Agreement on Cooperation in the Field of Energy between the Government of Montenegro and the Government of the United Arab Emirates, signed in November 2025.
The partnership is intended to support Montenegro’s domestic energy needs and the export of renewable electricity to the Western Balkans and Southern Europe. We are proud to have supported EPCG on this landmark transaction.