Wind and solar investors set up renewable energy association RES Montenegro

Wind and solar developers in Montenegro have launched a renewable energy association, called RES Montenegro, to facilitate and attract investments in the country’s renewables sector. The group was set up with the support of the European Union and the European Bank for Reconstruction and Development (EBRD).

RES Montenegro, founded by Alcazar Energy, Qair Group, and Simes Inženjering, will serve as a unified voice for renewable energy investors in the country, according to a statement from the EBRD.

Its work is aligned with the commitments from Montenegro’s Reform Agenda, under the European Union’s Growth Plan for the Western Balkans, including the publication of the three-year auction plan for at least 400 MW of new renewable capacity by 2027, the lender said.

The association aims to facilitate public-private dialogue, help shape a stable and transparent regulatory environment, and support the unlocking of Montenegro’s full renewable energy potential. It will also seek to raise awareness of the importance of renewable energy and strengthen the country’s visibility abroad to attract further private investment.

RES Montenegro will help renewables investors tackle key challenges, such as grid connection and balancing

RES Montenegro was created in October 2025 and officially started work last week. It will help renewable energy investors navigate key challenges, such as grid connection, balancing, taxation, and environmental procedures, and administrative requirements.

Remon Zakaria, EBRD Head of Montenegro, noted that the launch of the RES Montenegro follows recent improvements to the country’s renewable energy framework, including the passage of the new Law on Renewable Energy Sources and the introduction of renewables auctions.

Montenegrin Minister of Energy and Mining Admir Šahmanović stressed that the stable regulatory framework and partnership with investors and international financial institutions, along with the launch of RES Montenegro, sends a signal that the country is a serious investment destination for renewables.

Radulović: Montenegro is at a turning point in its energy transition

The president of RES Montenegro is Marko Radulović, Alcazar Energy’s General Manager for Montenegro. In his words, the association brings together credible investors committed to working with government and communities to unlock the country’s exceptional renewable potential and deliver long-lasting value.

Radulović also noted that Montenegro is at a turning point in its energy transition, adding that the closure of the Pljevlja thermal power plant, the rising electricity consumption, and the EU climate commitments call for swift but carefully planned solutions.