Albania has set clear targets for increasing its non-hydro generation capacity from renewable sources to diversify the energy mix and reduce the country’s vulnerability to hydropower shortages due to climate change.
This investment project will install a 50 MW ground-mounted solar photovoltaic power plant in the Belsh area. The plant is expected to produce 79 GWh/year of electricity, equivalent to the energy demand of 16,100 households, and displace over 50,000 tonnes of CO2 annually. Beyond enhancing energy security and reducing electricity imports, the project accelerates the country’s transition to a low-carbon economy and fosters sustainable development.
The EU co-funds the investments under Flagship 4 - Renewable energy - of the Economic and Investment Plan for the Western Balkans through the WBIF.
| WBIF | Grant | WB-IG08-ALB-ENE-01 | € 9,583,587 |
| EBRD | Loan | € 30,000,000 | |
| National Contribution | Own Contribution | € 2,200,000 | |
| Total | € 41,783,587 | ||
| Total Grants | € 9,583,587 | ||
| Total Loans | € 30,000,000 | ||
