CWP Europe and the European Commission to Advance Renewable Energy in Albania and Montenegro

During the EU-Western Balkans Investment Forum in Tirana, CWP Europe, together with the European Commission (DG ENEST), the Albanian Investment Development Agency, and the Montenegro Investment Promotion Agency, signed a Joint Declaration of Support for CWP’s two landmark renewable energy projects - the Tropoja Wind Farm in Albania and the Montechevo Solar Farm with Battery Storage in Montenegro.

The signing took place in the presence of Edi Rama, Prime Minister of the Republic of Albania, and Ursula von der Leyen, President of the European Commission, who emphasized the Western Balkans’ increasing role in Europe’s clean energy transition.

– Today you are signing several investments that will do just that. From clean energy production in all six Western Balkan partners. To energy storage in Montenegro. They will bring the cost of electricity down. And they will also contribute to our collective energy independence. You are building a new energy backbone not only for the Western Balkans. But for all of Europe – said President von der Leyen.

CWP Europe’s CEO Dimitar Enchev signed the Declaration on behalf of the company, alongside Executive Vice Presidents Maja Turkovic and Viktor Garbev, who are set to participate as speakers at the investment forums in Tirana and Montenegro.

– As the region replaces aging coal assets with cleaner, more affordable renewable energy, the opportunity to build a resilient and sustainable energy system is immense. With Tropoja and Montechevo, we are unlocking the region’s immense renewable energy potential and strengthening cooperation across the Western Balkans. We greatly appreciate the support of the European Commission, the Albanian Investment Development Agency, and the Montenegro Investment Promotion Agency in advancing this shared vision for a clean, economically competitive and secure energy future of the region and Europe as a whole – said Dimitar Enchev, CEO at CWP Europe.

The 600 MW Tropoja Wind Farm will advance Albania’s energy independence by providing clean, affordable electricity - supporting the country’s energy strategy. In Montenegro, the 400 MW Montechevo Solar Farm will combine solar generation with battery storage directly connected to the country’s new 400 kV transmission grid. The project will leverage Montenegro’s strategic interconnections - including the undersea HVDC cable to Italy - to maximize the export of clean electricity and its integration into the European energy market.

These initiatives demonstrate CWP Europe’s leadership in developing large-scale renewable energy projects across Southeast Europe and its continued contribution to a sustainable, resilient, and competitive regional energy future.

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About CWP Europe: CWP Europe is a leading renewable energy project development company in Southeast Europe. Over the past 17 years, CWP has invested in sustainable development and the energy transition, successfully developing the largest wind farms in the region, including the largest wind farm in Europe - the 600 MW Fantanele-Cogealac project in Romania. It is currently developing over 7 GW of renewable energy project capacity. CWP Europe is a joint venture between CWP Global, a leading global renewable energy company, and Mercuria Energy Trading, one of the world’s largest independent energy traders with over USD 140 billion in revenue.

CWPR Services doo Beograd

CWP Europe

Albanian Investment Development Agency

and the Montenegro Investment Promotion Agency

wind farm Tropoja in Albania

solar farm Montechevo

Ursula von der Leyen

Edi Rama

Dimitar Enchev

Maja Turković

Viktor Garbev