Albania Solar Plant: €39.2 Million Secured for 50 MW Korça Project
Albania has secured €39.2 million in financing from the European Bank for Reconstruction and Development (EBRD) to develop a 50 MW solar power plant in Korça. This significant investment marks a key step in Albania’s transition to a more diverse energy mix and its pursuit of renewable energy targets. You can read more about Albania’s solar projects at PVKnowhow.
This project will contribute significantly to Albania’s goal of achieving a 5% renewable energy target by 2025. Further details on Albania’s solar panel manufacturing and market insights can be found in this report. The 50 MW capacity of the Korça plant represents a substantial addition to the country’s renewable energy portfolio and aligns with the broader trend of growth in the global solar market, as highlighted in the Global Solar Report. Additionally, other Albanian solar projects are contributing to this expansion. This development underscores Albania’s commitment to a cleaner energy future and its efforts to reduce reliance on traditional energy sources.
