Albania Duo Seeks EBRD Loan for 160-MW Solar-BESS

• Two Albanian firms seek a EUR 53m EBRD loan for a 160MW solar-plus-60MW battery hybrid project, boosting grid flexibility, reliability, and Albania’s power modernization.

Two Albanian companies are seeking a EUR 53 million loan from the European Bank for Reconstruction and Development (EBRD) to finance a hybrid power project in Albania. The initiative would combine 160 MWp of solar photovoltaic capacity with a 60-MW battery energy storage system, aimed at improving grid flexibility and reliability.

The companies are applying for EBRD support for both construction and ongoing operations. If approved, the project would establish a large-scale solar-plus-storage setup designed to better balance renewable generation and energy demand, while supporting investment in Albania’s power infrastructure and modernization efforts.

Which EBRD loan could fund Albania’s 160 MWp solar-plus-60 MW storage project?

• EBRD’s non-sovereign (private sector) financing: a EUR 53 million senior loan to Albanian project companies for development, construction, and operation of the 160 MWp solar PV plus 60 MW battery energy storage hybrid plant.
• European Bank for Reconstruction and Development’s non-sovereign (private sector) financing could fund Albania’s 160 MWp solar-plus-60 MW storage project.
• The proposed financing package includes a EUR 53 million senior loan for two Albanian project companies.
• The loan would support the development, construction, and operation of a hybrid renewable energy facility in Albania.
• The project would combine 160 MWp of solar photovoltaic generation capacity with a 60 MW battery energy storage system (BESS).
• The financing is aimed at improving renewable energy integration, strengthening grid flexibility, and enhancing electricity reliability in the country.
• The battery storage system would help balance solar power production by storing excess electricity and delivering energy during periods of peak demand or reduced solar generation.
• The initiative aligns with Albania’s long-term clean energy, decarbonization, and infrastructure modernization objectives.