Montenegro and Italy’s Renexia to Cooperate on Renewable Energy Projects

The Government of Montenegro has announced the signing of a memorandum of understanding with the Italian renewable energy company Renexia aimed at developing renewable energy capacities and related infrastructure.

The memorandum is intended to establish an institutional framework for future cooperation, primarily focused on the development of wind and solar power plants. The draft text of the document was approved by the Montenegrin government last week.

According to the official statement, cooperation with Renexia will support Montenegro in identifying and assessing new sites suitable for renewable energy projects, contributing to the country’s decarbonisation goals. The planned cooperation also includes the deployment of advanced energy storage technologies and the use of green hydrogen, supporting the modernisation of the national energy sector.

The non-binding memorandum provides a basis for future joint activities, knowledge exchange, and the assessment of potential energy projects. The parties plan to jointly prepare feasibility studies, analyse available resources, and assess the environmental impact of prospective projects.

The government also noted that the memorandum takes into account the 2010 agreement between Montenegro and Italy on the construction of a submarine power interconnection, as well as the memorandum on electricity market integration signed by the two countries in October 2025.

IDR Comment

“This initiative reflects a broader regional trend towards building cross-border energy partnerships based on renewable sources and modern infrastructure. For the Adriatic–Balkan region, such projects are crucial not only for decarbonisation, but also for strengthening energy security and integration with the EU energy market,” experts from the Institute of Danube Research note.

According to IDR, the Montenegrin experience may also be relevant for the Danube and Black Sea regions, where renewable generation, energy storage and interconnections are becoming key elements of long-term energy transition strategies.