Albania to issue require 300 MW solar energy auction by June

Apr 20, 2023 12:08 PM ET
  • In the first of the forthcoming three solar energy auctions, Albania is offering power purchase agreements and contracts for difference for 300 MW in total capacity. The call is prepared to be issued by June.
Albania to issue require 300 MW solar energy auction by June
Image: Thomas Lloyd Group

Albania plans to include 1 GW in solar power capacity through three competitive treatments, the Ministry of Framework as well as Energy stated in a notification and disclosed that it plans to issue an ask for investors by June for 300 MW in total. French company Voltalia won at the last two auctions and also last year it began to develop its Karavasta photovoltaic or pv facility of 140 MW in connection capacity.

The tenders for Karavasta and Spitalle were held after the locations were determined. This time the participants will certainly require to propose the sites within locations noted by the ministry as possibly suitable.

Investors must offer evidence of viability for locations they propose

Eligible capitalists were informed to prepare documentation showing the stability of the locations they chose and the right of possession or use. The documents includes proof that a site is not in a no-go location which it is suitable in sustainability terms.

Possible bidders require a transmission grid connection offer together with an environmental as well as social impact assessment study-- ESIA. The latter is called for to be prepared according to one of the most stringent criteria of the Albanian law, European Union ecological acquis as well as lenders.

Each programmer can bid for up to 100 MW in overall capacity

The deadline for the proposals is anticipated to be in October, the statement checks out. Successful bidders will authorize a 15-year assistance agreement including a power purchase agreement or PPA for period 1 and also a contract for difference (CfD) for period 2, the ministry pointed out.

" The trigger to alter from trading period 1 to trading duration 2 is a positive decision taken by the ERE on the marketplace preparedness assessment, as identified based upon the pre-defined conditions set out in the Renewable Energy Law," the notification reviews. ERE is the country's Energy Regulatory Authority.

The ceiling cost will be established at a later date

Participation in the affordable procedure is restricted to a maximum of 100 MW overall capacity auctioned per programmer. The ceiling price will certainly be established at a later date, the authorities stated. Possible investors will be asked to send out the envelopes with their qualifications and also the financial bid together inside another envelope.

In a different affordable treatment, the ministry is set to open the bids next month for wind farms of 100 MW to 150 MW in complete capacity. Six firms and consortiums made it to the 2nd and also last phase.

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