Renewables

Kosovo* signs three agreements for 105 MW solar project

kosovo solar auction orllati agreement

Photo: Ministry of Economy

Published

June 3, 2024

Country

Comments

comments icon

0

Share

Published:

June 3, 2024

Country:

Comments:

comments icon

0

Share

The Ministry of Economy has signed three agreements with the winners of the first renewable energy auction in Kosovo*, for a photovoltaic project with a grid connection of up to 105 MW.

Minister of Economy Artane Rizvanolli has signed an agreement with newly-founded Lindja Solar on the development of the solar power project selected in the first renewable energy auction.

The firm was founded by the winning consortium, led by Groupe Orllati. The remaining members are Holdigaz from Switzerland, ZPV from Germany and domestic solar panel producer and engineering, procurement, and construction (EPC) firm Jaha Solar, the ministry said.

KOSTT signed a PPA with the investors

Rizvanolli said the ministry also signed a land lease agreement with Lindja Solar. In addition, Transmission, System and Market Operator (KOSTT) signed a power purchase agreement (PPA) with the project firm.

The consortium led by Switzerland-based construction company Orllati was selected in early April to build and operate a solar park of up to 105 MW in connection capacity for 30 years, including a 15-year contract for difference (CfD).

The group won the first renewable electricity auction in Kosovo* with a bid of EUR 48.88 per MWh.

Officials stressed at the time that Orllati is run by businesspeople from the Kosovar diaspora.

The investment in the PV facility is estimated at EUR 70 million

Artane Rizvanolli now said that the successful auction would be the first of many that Kosovo* is preparing.

Orllati Chief Financial Officer Destan Orllati stressed that the project, covering 117 hectares, is part of the country’s push to boost renewable energy production. In addition to the production of clean energy, it will create jobs and stimulate the regional economy, he asserted.

According to the ministry, the four companies plan to invest a total of EUR 70 million in the project.

The agreements were signed by Orllati Managing Director Avni Orllati, Holdigaz Chairman and Managing Director Philippe Petitpierre, Chief Executive Officer of Jaha Solar Fadil Hoxha, CEO of ZPV  Peter Zehendner, Director of Lindja Solar Luisa Helms and the CEO of KOSTT Evetar Zeqiri.

* This designation is without prejudice to positions on status and is in line with UNSCR 1244/99 and the ICJ Opinion on the Kosovo declaration of independence.
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

romania R. Power Renewables Lazuri Solar Park

R. Power Renewables to start construction of 55 MW PV project in Romania

15 July 2025 - R.Power Renewables published the main details ahead of the start of construction of its Lazuri Solar Park in Satu Mare county in Romania.

Slovenia publishes call for incentives for wind solar power projects

Slovenia publishes call for incentives for wind, solar power projects

15 July 2025 - Solar and wind power projects with or without energy storage that are on Slovenia's priority list can be submitted for grants

Electrica sells green bonds for EUR 500 million amid record demand

Electrica sells green bonds for EUR 500 million amid record demand

15 July 2025 - Electricity supplier and distributor Electrica listed its first green bonds on the Luxembourg Stock Exchange

Montenegro sets November 10 deadline for first solar power auction

Montenegro sets November 10 deadline for first solar power auction

14 July 2025 - Legal entities and entrepreneurs in Montenegro are preparing to compete in an auction for market premiums with their solar power projects