Voltalia's Local Expansion in Albania

• Voltalia has opened a new office in Tirana, Albania with 23 employees to support local growth. The office will provide turnkey solar plant construction services and develop PV and wind projects, including the 140 MW Karavasta solar farm in Fier. Operational in 2023, the farm is backed by a EUR 29 million loan from EBRD.

Voltalia has opened a new office in Tirana, Albania to support its local growth in the country. The office will be staffed by 23 employees, mostly Albanians, and will enhance the company's presence in Albania which began in 2018. Since then, it has been providing turnkey solar plant construction services and developing its own PV and wind projects. Earlier this year, it secured a EUR 29 million loan from the EBRD to construct a 140 MW Karavasta solar farm in Fier. The facility is expected to be operational in 2023.

What Impact Will Voltalia's New Office Have in Albania?

• The new office in Tirana will enable Voltalia to better meet local demands for renewable energy projects.
• The presence of 23 local employees in the office will not only create new jobs in Albania, but also strengthen ties with the local community.
• The Karavasta 140 MW solar farm is expected to bring significant economic benefits to the region and generate hundreds of jobs during construction.
• The project is estimated to reduce the country's carbon emissions by approximately 50,000 tons per year and will help Albania meet its energy transition goals.
• The new office will also facilitate the expansion of Voltalia's renewable energy projects in the region, providing more clean energy sources to local communities.
• The project is also likely to boost local businesses and tourism, with increased investment in the region creating more jobs and economic growth.