According to Serbian Economist, Alcazar Energy, an international company operating in Serbia, among other countries, intends to increase its investment in Montenegro from the previously planned $200 million to $500 million, co-founder and managing partner Daniel Calderon said in an interview with the media.
According to Calderon, the company will begin construction of the 118.8 MW Bijela wind farm in the first quarter of 2026. The investment in the project will amount to about $200 million.
“We are preparing the site and purchasing equipment — this is a large and strategically important project. But this is only the first part of our investments in Montenegro,” Calderon said.
He added that over the next five years, the company’s investments could grow to half a billion dollars, and the total investment in the development of renewable energy sources in Montenegro could reach $4-5 billion by 2040.
“We expect that about 10% of these investments will go to Alcazar Energy projects, and these will be the first steps in a major energy transformation of the region,” Calderon said.
According to him, the company is considering the possibility of implementing several additional projects in Montenegro, but the details are not yet disclosed.
At the EU-Montenegro conference, 14 joint projects with European companies were presented, half of which are related to investments in wind farms, solar parks, and energy storage systems.
Alcazar Energy is an international company specializing in the development, construction, and management of renewable energy facilities.
Founded in 2014, it is headquartered in Dubai (UAE). The company is active in the MENAT region (Middle East, North Africa, Turkey) and the Balkans.
Its key projects include wind farms and solar power plants in Serbia, Jordan, Egypt, and Turkey. Alcazar recently began construction of the largest wind farm in the Western Balkans in North Macedonia.
Source: https://t.me/relocationrs/1587
