Spajić: Montenegro wants to be country of green data centers

Montenegro plans to become a country of green data centers, according to Prime Minister Milojko Spajić.

Milojko Spajić was one of the speakers at the keynote panel Accelerating the Western Balkans’ Green and Smart Growth, within the European Union – Montenegro Investment Conference in Luštica, near Tivat.

Earlier, European Commission President Ursula von der Leyen and the prime minister of Montenegro opened the two-day event, titled Smart Growth, Green Future: Accelerating Investment in Montenegro.

Spajić said energy is a cornerstone of the country’s strategy for connecting the region but also something in which Montenegro could be very competitive, helping the EU become even more competitive on the global stage.

Spajić: We can offer to Europe a possibility to get inexpensive electricity and stable supply

“We have dozens of amazing projects for hydro, wind, solar energy at very competitive rates. We can offer to Europe a possibility to get inexpensive electricity and stable supply. Baseload energy as well. For example, hydro is baseload energy,” he stated.

The prime minister recalled that his country is interconnected with Italy and that the project for the installation of the second line of the subsea cable is in the pipeline. But he also highlighted the significance of digital connections with Italy, where Milan is one of the biggest data center hubs in the EU, providing connections to Frankfurt and London.

Montenegro, in Spajić’s words, intends to be a part of the data highway. Data centers are basically the hardware for artificial intelligence, he explained and added that AI is going to be strong in big markets, not in small ones.

Partners from the US, UAE, and other countries, are interested in the development of the data centers

“But where we can actually be involved as a small country are data centers providing infrastructure for the EU’s AI to be strong and competitive,” Spajić underlined.

Therefore the country intends to focus on providing a very good environment for global data center operators, to come from all around the world. Spajić revealed that partners from the United States, United Arab Emirates, and other countries are interested in joining the opportunities for the development of the data centers.

“We want Montenegro to be the country of green data centers. We have water for hydropower. We have a lot of solar potential and a lot of wind. We are very fortunate to have such diversity,” Spajić said.

He invited investors to come to Montenegro: “Don’t waste your time, come as soon as possible.”

Participants at the panel included the Director of Enlargement Coordination, Strategy and Investments at the EU’s Directorate-General for Enlargement and Eastern Neighbourhood, Mathieu Bousquet, WizzAir CEO József Váradi, Akuo President Eric Scotto, and Charlotte Ruhe, Managing Director for Central and South-Eastern Europe in the European Bank for Reconstruction and Development (EBRD).

Of note, fourteen cooperation projects between Montenegrin and European companies have been initiated at the conference. Some of them involve investments in wind farms, solar parks, energy storage, and grids.