Albania is set to boost its renewable energy capacity with a new 50 MW solar power plant in Roskovec, Fier County.
Roskovec Solar Plant Expected Completion by 2026
Construction of the Roskovec solar power plant has begun, with completion expected in 2026. The project is financed by the Albanian government and a loan from the European Bank for Reconstruction and Development (EBRD), a key player in sustainable infrastructure projects across the region. Once operational, the plant will contribute significantly to Albania’s renewable energy portfolio.
This project is major Albania energy news, marking a significant milestone in the country’s transition to renewable energy. It aims to reduce reliance on fossil fuels and cut greenhouse gas emissions as part of a national strategy to expand clean energy sources. Those interested in the specifics of the Albanian solar system and its manufacturing can find valuable information on solar manufacturing and regional labor and supply chains.
Progress in Albania’s Renewable Energy Sector
Albania has made significant strides in developing its renewable energy sector. According to the International Renewable Energy Agency (IRENA), the country’s installed capacity for renewable energy reached 2,159 MW by the end of 2022. This included 1,394 MW from hydropower, 405 MW from wind power, and 360 MW from solar power, with the government actively working to increase this total capacity to 4,000 MW by 2030.
In addition to the Roskovec plant, this wave of Albania renewable energy news includes several other large-scale projects underway. These include a 200 MW wind farm in Fier developed by the EBRD and the European Investment Bank (EIB), a 100 MW solar farm in Korçë led by a consortium from the Albanian Renewable Energy Association (AREA), and a 50 MW solar farm in Vlorë developed by KESH and the Albanian Electricity Distribution Operator (OSHEE).
Policies Driving Renewable Energy Investment
The Albanian government has implemented several policies to encourage investment in renewable energy, including feed-in tariffs, tax incentives, and net metering. These measures have helped attract both domestic and international investors to the sector. The major projects currently underway are expected to be completed within the next few years, further boosting the country’s clean energy capacity.
Economic and Environmental Benefits of the Roskovec Plant
The Roskovec solar power plant is expected to generate 88 GWh of electricity annually—enough to power approximately 15,000 homes. This output will help reduce the country’s reliance on fossil fuels and decrease greenhouse gas emissions. The project is also expected to create jobs during its construction and operation phases, boosting the local economy.
With the completion of this and other projects, Albania is poised to become a regional leader in renewable energy, contributing to global efforts to combat climate change and underscoring its commitment to a sustainable energy future.
