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

HELLENiQ Energy buys ABO Energy Hellas 1 5 GW renewables

HELLENiQ Energy buys ABO Energy Hellas, adding 1.5 GW in renewables projects

02 July 2025 - Amid a consolidation in the renewables sector in Greece, HELLENiQ Energysaid it completed the acquisition of ABO Energy Hellas

EU outlines measures for 90 emissions cut by 2040

EU outlines measures for 90% emissions cut by 2040

02 July 2025 - A proposed amendment to the European Climate Law sets a 2040 target of a 90% reduction in net greenhouse gas emissions

battery storage eu solarpower europe bess

SolarPower Europe: EU needs ten times more battery storage by 2030 to meet renewables targets

02 July 2025 - SolarPower Europe has launched an initiative called the Battery Storage Europe Platform to promote battery growth across the EU.

Solaris Holding large hybrid renewable energy park Bulgaria

Solaris Holding launches production at large hybrid renewable energy park in Bulgaria

02 July 2025 - The new Selanovtsi solar farm of 59.8 MW in peak capacity near Vratsa was installed alongside a battery energy storage system of 107.3 MWh in capacity