Enemalta and Shanghai Electric Power are eyeing the greenfield development of a 46MW wind farm in Montenegro.

The two have set up a new company, International Renewable Energy Development Limited, as part of their strategic alliance.

The company, which is seeking to explore renewable projects across the European region, aims to develop a 300 megawatt portfolio of projects, according to a brief statement released by Enemalta.

Intensive discussions between stakeholders would take place in the coming months, Enemalta said.

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