In a significant move towards enhancing its renewable energy portfolio, Albania has authorized the establishment of two substantial solar power plants near Korçë, collectively adding 152 MW of solar capacity. This initiative is part of the country’s broader strategy to diversify its energy resources, which have predominantly relied on hydroelectric power.
The Albanian government has granted a 102 MW solar project permit to Tekno Fire, which is expected to complete construction within a three-year timeframe. Upon completion, Tekno Fire will be allowed to operate the facility for an extensive period of 49 years, indicating a long-term commitment to solar energy generation in the region.
Additionally, Kronos Konstruksion has received approval for a separate 50 MW solar installation in proximity to Korçë. This project will adhere to the same construction and operational timelines as Tekno Fire’s initiative, reinforcing the government’s push for rapid development in renewable energy infrastructure.
As part of the regulatory framework established by these permits, both companies are mandated to contribute a portion of their generated electricity to the state. Each developer must either provide 2% of their annual output at no cost to the Ministry of Energy or remit an equivalent monetary value to the national budget. This requirement underscores the government’s intent to ensure that the benefits of renewable projects extend beyond private enterprises.
The approval of these solar projects marks a pivotal step in Albania’s ongoing efforts to expand its renewable energy capabilities. By increasing solar generation capacity, Albania aims to reduce its reliance on traditional hydro sources and enhance energy security while aligning with broader regional and EU sustainability goals.
