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Home » Finance » EBRD Grants €28 Million Loan for Montenegro’s Brezna Substation Upgrade
Finance

EBRD Grants €28 Million Loan for Montenegro’s Brezna Substation Upgrade

By Patrick VaughnJuly 23, 20242 Mins Read
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Credit: EBRD
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The European Bank for Reconstruction and Development (EBRD) has announced a sovereign-guaranteed loan of up to €28 million to Crnogorski Elektroprenosni Sistem (CGES) for the upgrade of the Brezna electrical substation in northwestern Montenegro. This project will integrate 400 MW of renewable energy into the national grid, supporting Montenegro's decarbonization efforts. The Brezna substation upgrade

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Balkan Europe European Union Montenegro National Grid Renewable energy Western Balkan
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