The Government of Albania has signed the concession agreement with Voltalia for the development of the 140 MW solar photovoltaic park located in Karavasta coastal area in the City of Fier.
The 30-year deal involves the construction, maintenance, and operation of the solar project. Once operational, Voltalia will sell half of the generated energy to Albania's state energy distribution company for EUR 24.89 (US$ 27.62) per megawatt-hour through a 15-year power sale contract.
The project is expected to generate up to EUR120 million (US$150 million) of investment.
Country updates
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June 02, 2020
Contract award announced for Karavasta solar project
Ministry of Infrastructure and Energy in Albania has announced that it awarded Voltalia a 30-year concession contract for 140 MW Karavasta solar project. An international and transparent tender was la...
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February 24, 2020
Tender for Karavasta solar project attracts over 20 interests
The Ministry of Energy and Industry of Albania has attracted over 20 companies for the construction, maintenance, and operation of a 140 MW solar power plant to be built in the Karavasta are...
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January 31, 2020
Albania launches tender for 140 MW solar project development
The Government of Albania, through the Ministry of Infrastructure and Energy, has launched a tender for the design, financing, construction, operation, maintenance, and transfer of a 140 MW solar...
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July 09, 2019
Statkraft completes construction of main structures of Moglice HPP's dam
After several years in development and implementation, construction in the main structures of Moglicë dam is completed in June 2019. Moglicë dam shall create the Moglicë reservoir, whic...
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April 03, 2019
BESTA seeks development permit for solar project in Berat
Albania-based BESTA is seeking development permit for the construction of a solar photovoltaic park in the area of Kucova, near the southern city of Berat. The Ministry of Energy did not d...
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