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Montenegro's EPCG seals new partnerships for renewables, BESS, decarbonization. Published October 22, 2026 Update October 23, 2026 During the European union-montenegro Investment Conference, power utility Elektroprivreda Crne Gore signed four memorandums of understanding: with the European Bank for Reconstruction and Development and companies Qair, Akuo Energy, and Mantel Capture. The EU - Montenegro Investment Conference (AIM 2026), titled From Partnerships to Projects, was held on October 20-21 in Portonovi. It brought together representatives of European institutions, international financial organizations, investors, and leading companies. The memorandum of understanding between state-owned power company Elektroprivreda Crne Gore (EPCG), state-owned coal mine Rudnik Uglja Pljevlja, and the European Bank for Reconstruction and Development (EBRD) establishes a framework for cooperation on the Pljevlja energy transition project, according to EPCG. Battery installation planned within the mining complex Planned activities include the development of a solar power plant with a battery energy storage system (BESS) on the site of the former mining complex, as well as solutions for district heating and thermal energy storage. The memorandum was signed by Nikola Madžgalj, Executive Manager of the Department for Legal Affairs at EPCG, Rudnik Uglja Pljevlja (RUP) CEO Nemanja Laković, and EBRD's Managing Director for South-Eastern Europe Grzegorz Zieliński. The signing was attended by Minister of Energy and Mining Admir Šahmanović and Executive Manager of the Department for Development and Investments at EPCG Ivan Mrvaljević. Laković: Two projects prepared in less than two years Nemanja Laković stressed that Rudnik Uglja Pljevlja, through new investments, business diversification, and partnership with the Government of Montenegro and the EU, strives to secure a sustainable future for the company and the economy of the Pljevlja region. "Regarding the energy transition, we have developed two projects in less than two years. We have the 62 MW Grevo solar power plant and a 2.2 MW small hydropower plant on the Ćehotina River," Laković explained. Additional development directions include new industrial and commercial activities, including the production of personal protective equipment, construction operations, an asphalt facility, and investment in the timber industry, considering that 60% of Montenegro's forests are located in the municipality of Pljevlja. Partnership with Akuo Energy for solar, wind, and BESS development. The term sheet between EPCG and France-based Akuo Energy envisages cooperation on the development of solar parks, wind farms, and BESS. The goal of the cooperation is to increase renewable energy capacity and enhance the stability of the power system, EPCG said. The document was signed by Akuo CEO Bruno Bensasson. Of note, the company is expanding its activities in Southeastern Europe, with investments ahead in Montenegro, Greece, Kosovo*, North Macedonia, and Serbia. Akuo is developing a portfolio of 1.3 GW of green energy projects in the region, dominantly solar and wind. Qair and EPCG to focus on solar power plants. EPCG also signed a term sheet with the company Qair Montenegro, laying the foundations for joint development, financing, construction, and management of solar power plant and wind farm projects in Montenegro, with a focus on photovoltaic plants. Louis Blanchard, CEO of Qair International, signed the document on behalf of the company. Of note, the French company signed a grid connection agreement for its Rudine solar power plant in February 2025 and received a construction permit in July of this year. Cooperation with Mantel Capture on CCS project. The memorandum of understanding with US-based Mantel Capture opens opportunities for cooperation in the field of carbon capture and storage (CCS) technologies. The focus will be on the potential application of such solutions at the coal-fired power plant Pljevlja and the possibility of reducing emissions. The MoU was signed by co-founder and CEO Cameron Halliday. "Power generation is a growing focus for Mantel as utilities look for practical ways to reduce emissions while maintaining reliable energy supply," Halliday said. Šahmanović: Results of reforms are increasingly turning into concrete investments. According to Admir Šahmanović, Minister of Energy and Mining, Montenegro is entering a new phase of energy development, in which the results of implemented reforms are increasingly turning into concrete investments, new production capacities, and international partnerships. "Our ambition is not only to produce more electricity, but for energy to become the basis for industrial development, new technologies, and better-paid jobs," he said. Total value of energy projects under implementation exceeds EUR 800 million The minister noted that an investment cycle worth EUR 463 million has been launched since 2025, while the total value of energy projects under implementation exceeds EUR 800 million. As a significant example, he highlighted the establishment of a joint venture between EPCG and UAE-based Masdar. The initial projects include the development of 150 MW of solar capacity, Šahmanović added. Speaking on the panel Strengthening Energy Resilience: Investments in Renewable Energy Sources, he pointed out that the energy transition today cannot be viewed solely as a matter of replacing conventional sources with renewables, but as one of the largest economic and industrial transformations of the modern world. 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Renewable energy news: Stryten Energy, Dos Grados, Doral Renewables. October 9, 2026 The latest renewable energy news includes announcements on Stryten Energy, Dos Grados, Doral Renewables, and others. Stryten Energy Secures $650 Million Loan for C&D Trojan Battery Acquisition Discover more Renewable energy Learn Engineering US battery manufacturer Stryten Energy has secured a $650 million term loan led by Silver Point Capital to support its acquisition of C&D Technologies and Trojan Battery Company. The acquisition closed on October 1, 2026, with the financing details announced subsequently. Stryten is backed by Atlas Holdings, while C&D Trojan was previously owned by KPS Capital Partners. The combined business operates 18 battery manufacturing and component facilities across the United States, Mexico and China, employing approximately 4,800 people. Its products include advanced lead, lithium and vanadium flow batteries serving industrial, transportation, telecommunications, data-centre and energy infrastructure customers. Stryten plans additional investment in domestic manufacturing and battery technology development. Dos Grados Acquires More Than 500 MW of Solar Projects from Akuo in Spain Spanish renewable-energy developer Dos Grados has signed an agreement to acquire three solar photovoltaic projects exceeding 500 MW from French renewable-energy company Akuo. The projects are in early development across Castilla y León and Andalusia. Founded in 2019, Dos Grados already operates approximately 600 MW of renewable-energy assets across Spain and Portugal, including solar, wind and storage facilities. The acquisition substantially increases its Spanish solar development pipeline. Dos Grados intends to advance permitting and development while considering project designs that accommodate agricultural and other land uses. Akuo is transferring projects it developed during the early stages. The companies did not disclose the purchase consideration, individual project capacities or expected construction schedules. Discover more Electricity Switch Power Plans wind-energy Doral Renewables Brings 900 MW of Mammoth Solar Project Close to Commercial Operation US solar developer Doral Renewables has completed major construction work on 900 MWac of additional capacity at its Mammoth Solar complex in Pulaski County, Indiana. The milestone covers the Mammoth South, Mammoth Central I and Mammoth Central II phases, which are approaching commercial operation. Together with previously developed capacity, the wider project will reach approximately 1.3 GW. Construction of the three latest phases took approximately 18 months, employing around 1,800 workers at peak activity. Installation teams achieved a maximum deployment rate of approximately 20,000 solar panels daily. Doral worked with Bechtel and equipment supplier Nextpower. The developer is also exploring agricultural activities, including livestock grazing and specialty crops, alongside solar generation.