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Alcazar Energy Partners, EPCG sign offtake agreement at Montenegro’s largest wind farm
Transactions - JANUARY 31, 2025

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Alcazar Energy Partners, EPCG sign offtake agreement at Montenegro’s largest wind farm

by Kali Persall

Alcazar Energy Partners, an independent investor in renewable energy across growth markets, has signed an agreement with Elektroprivreda Crne Gore (EPCG), the state-owned electricity distribution utility company of Montenegro in the Balkans.

The agreement initiates discussions for a power-purchase agreement (PPA) for the Bijela wind farm, which is set to become Montenegro’s largest wind farm with an export capacity of 118.8 megawatts.

Bijela represents a major economic investment for Montenegro and forms a key component of the government’s 2040 National Development Strategy, while also supporting the country’s commitment to reduce greenhouse-gas emissions. The project will provide clean energy to more than 16,000 Montengrin households while preventing the release of up to 230,000 tons of carbon-dioxide emissions annually.

Bijela has secured support from The European Bank of Reconstruction and Development as part of the mandated lender group.

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