Albanian-based business to install 2 solar PV plants of 100 MW in total amount

• Albania's government has actually released 2 licences for the installation of solar photovoltaic plants with a mounted capability of 50 MW each in the community of Fier.

Solar power plants Blue 1 as well as Blue 2 will be constructed by Blessed Investment and Matrix Konstruksion, registered in Albania.

Albania lately ended up a public auction for the construction of the Spitalle solar power plant. It was its third public auction and also the 2nd that was successful, which allowed winning bidders to get a fixed price via a power purchase agreement with the state energy.

Nevertheless, Blue 1 and Blue 2 will certainly not take pleasure in any type of assistance measures from the state, according to the government's decision.

Expected time for the building and construction and commissioning of the solar park is 50 months from the receipt of the building and construction license. The right to construct a PV plant can be moved to the 3rd party, in whole or in part, only with the authorization of the Ministry of Framework and also Energy, the decision reviews.

The business that obtained permits are obliged to pay royalty proceeds to the ministry in the form of electricity or cash equal to 2% of annual production. Also, they need to offer a part of the production to the public vendor, according to the decision.