Renewables

Albanian-based companies to install two solar PV plants of 100 MW in total

Conex-Invest-solar-power-plant-Croatia

Photo: Samuel Faber from Pixabay

Published

April 2, 2021

Country

Comments

comments icon

0

Share

Published:

April 2, 2021

Country:

Comments:

comments icon

0

Share

Albania’s government has issued two licences for the installation of solar photovoltaic plants with an installed capacity of 50 MW each in the municipality of Fier.

Solar power plants Blue 1 and Blue 2 will be built by Blessed Investment and Matrix Konstruksion, registered in Albania.

Albania recently finished an auction for the construction of the Spitalle solar power plant. It was its third auction and the second that was successful, which enabled winning bidders to get a fixed price through a power purchase agreement with the state utility.

However, Blue 1 and Blue 2 will not enjoy any support measures from the state, according to the government’s decision.

Investors will pay royalty proceeds in electricity or money equal to 2% of annual production

Expected time for the construction and commissioning of the solar park is 50 months from the receipt of the construction permit. The right to build a PV plant can be transferred to the third party, in whole or in part, only with the approval of the Ministry of Infrastructure and Energy, the decision reads.

The companies that received licences are obliged to pay royalty proceeds to the ministry in the form of electricity or money equal to 2% of annual production. Also, they must sell a part of the production to the public supplier, according to the decision.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

ja solar Borussia Dortmund signal iduna park

Largest solar power plant on football stadium to be installed at Signal Iduna Park

28 March 2025 - The home of Borussia Dortmund is set to become the site of the world's largest solar power plant installed on a stadium roof

Sungrow ESS Experience Day Munich accelerating sustainable future Europe

Sungrow ESS Experience Day Munich: accelerating to a sustainable future for Europe

28 March 2025 - Experts from across Europe exchanged thoughts at ESS Experience Day in Munich on the role of energy storage systems for grid support and the energy transition

Greece first solar panel recycling machine Crete

Greece’s first solar panel recycling machine installed in Crete

28 March 2025 - Greek company Katheris said it installed the country's first solar panel recycling machine. It's one of few such endeavors in the region

uefa solarpower europe galatasaray solar

Solar power to energize European football, UEFA teaming up with SolarPower Europe

27 March 2025 - The Union of European Football Associations and SolarPower Europe have partnered to advance sustainability in European football