Renewables

Albanian government will stimulate investments in solar energy

Photo: EBRD

Published

November 3, 2017

Country

Comments

0

Share

Published:

November 3, 2017

Country:

Comments:

0

Share

Solar energy is an extremely important energy source for Albania because of its geographic position and exposure to sunlight, the Albanian Minister of Infrastructure and Energy, Damian Gjiknuri said at the opening of a workshop on solar energy in Tirana. The Minister said the Albanian government will stimulate investments in the production of energy from solar plants, the Ministry of Infrastructure and Energy said in a statement.

The workshop in the Albanian capital was organized jointly late in October 2017 by the Gjinkuri’s ministry and the European Bank for Reconstruction and Development (EBRD). The Ministry of Infrastructure and Energy and the EBRD signed a Memorandum of understanding on stimulating investments in solar energy through auctions in May 2017.

That Memorandum defines the framework to develop projects and investments across the country in order to reach the level of production of 50 MW to 100 MW from solar power plants. An EBRD statement said the bank has invested more than EUR 1 billion in infrastructure and energy projects in Albania.

Gjinkuri said that the stimulating of investments in solar energy has become a necessity for Albania since the production of power in that country depends 100 percent on hydropower plants. A new law and a national plan on renewable energy sources are the first steps in establishing operational and legal frameworks for the first concrete investments, the Minister said.

He said auctions for solar power plants of 30 MW to 50 MW would be organized by his ministry in cooperation with the EBRD with favorable tariffs provided to investors.

Development of renewable sources of energy in Albania would contribute to improving the country’s energy and economic situation by introducing diversified power sources and creating conditions for the use of renewable energy sources in households, production facilities and the services industry. It would also cut down pollution, Gjinkuri said.

Albanian, Greek and EBRD energy experts took part in the workshop in Tirana, exchanging experiences on the best procurement methods, good practices, opportunities for the renewable energy sector and on progress achieved in Albania in reaching the level of energy production from renewable sources by the year 2020, an EBRD statement said.

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

Zoran Lajovic Metalfe Group

Green Steel from Sremska Mitrovica – responsible industry for sustainable future

24 June 2024 - Serbian company Metalfer Group, whose production portfolio includes the so-called Metalfer® Green Steel, has demonstrated that steelmaking can be sustainable and responsible

Milos Mladenovic, SEEPEX

D&G ideas as a response to the challenges of the energy transition or how we came to love Baudrillard

13 June 2024 - We discussed the European electricity market post-energy crisis, delving into its causes, as well as future trends in the energy market and global economy development, with SEEPEX director, Miloš Mladenović

European Sustainable Energy Awards 2024 reward clean energy champions

European Sustainable Energy Awards 2024 reward clean energy champions

12 June 2024 - Three outstanding individuals and projects have won the 2024 European Sustainable Energy Awards for their innovation and achievements in the field of energy efficiency and renewables

Full decarbonization of production is Elixir Group's strategic goal for 2030

Full decarbonization of production is Elixir Group’s strategic goal for 2030

10 June 2024 - At the production location in Prahovo, which is the center of Elixir's chemical production, four new greenfield plants with a completely new industrial infrastructure will be built by 2027, which are investments worth around 300 million euros