Albania Solar Projects: Approval Granted for Two New Power Plants
Albania has approved the development of two solar power plants, each with a capacity of 27 MW. These projects represent a pivotal part of the country’s efforts to diversify its energy sources and reduce its dependence on hydropower.
Albania Solar Projects: New Concessions Awarded for Renewable Expansion
The Albanian government has awarded a 35-year concession for two solar power plants, each with a capacity of 27 MW. This marks a significant step in the country’s push to diversify its energy sources, which have traditionally relied heavily on hydropower. The two solar plants will be located in the municipalities of Fier and Lushnjë, respectively.
The Fier plant will be built in the villages of Ngjeqar and Vishocice, while the Lushnjë plant will be constructed in the village of Ballagat. Both projects are expected to be operational within 18 months, with a planned operational period of 30 years. The projects will be developed by the company “CFA Energy sh.p.k.” and are valued at a total of EUR 32 million.
Albania Solar Projects: Advancing Energy Security Through Solar Investment
Albania’s decision to approve these solar projects is part of a broader strategy to enhance energy security and reduce dependence on hydropower. With over 95% of its electricity currently generated from hydropower, the country faces challenges during periods of drought, which can lead to energy shortages.
By investing in solar energy, Albania aims to create a more balanced energy mix that will help stabilize the electricity supply and reduce vulnerability to climate-related disruptions. The government has been progressively increasing its focus on renewable energy, with several solar projects already in the pipeline. For more information on Albania’s solar initiatives, visit PVknowhow.
Albania Solar Projects: Recent Developments and Government Initiatives
This latest concession comes on the heels of several other solar projects announced in Albania. In September, the Albanian government approved the construction of a 20 MW solar power plant in the Memaliaj municipality, with an estimated investment of EUR 13.5 million. Earlier in the summer, the government also approved a 50 MW solar project in the Vau i Dejes municipality, which is expected to cost around EUR 30 million.
These projects are part of a broader push to increase the country’s solar capacity. In March, Albania’s energy ministry announced that it had received bids for an 85 MW solar project in the Karavasta area, with the lowest bid offering a price of EUR 0.02489 per kWh. The tender for this project was launched in January, and it is expected to further boost Albania’s solar energy capacity. Additional details can be found at PVknowhow.
Albania Solar Projects: Future Prospects for Renewable Energy Growth
The approval of these new solar projects is a clear indication of Albania’s commitment to expanding its renewable energy infrastructure. The government has set ambitious targets for increasing the share of renewables in the country’s energy mix, and solar energy is expected to play a significant role in achieving these goals.
With these new projects, Albania is not only working towards energy security but also contributing to global efforts to combat climate change. By reducing its reliance on hydroelectric power and investing in solar energy, the country is taking a proactive approach to building a more sustainable energy future. Explore more about Albania’s solar strategy at PVknowhow.
