How much does a solar power project cost in Albania?

Still, the Ministry of Infrastructure and Energy awarded 283.9 MW. The lowest offer came in at EUR 39.7 per MWh, against a starting level of EUR 59.97 per MWh. Eight consortiums won 15-year power purchase agreements (PPAs) today in Albania for their solar power projects as the Ministry of Infrastructure and Energy opened their bids.

Could solar power reduce Albania's reliance on energy imports?

Albanian researchers say that solar could be key to reducing Albania’s reliance on energy imports, but the nation will need to invest in grid infrastructure, streamline laws, and enhance access to funding to support deployment.

Is solar a viable alternative to electricity in Albania?

A move toward more solar is partly an attempt to diversify Albania’s electricity sources. In “ Evaluation and integration of photovoltaic (PV) systems in Albanian energy landscape,” which was recently published in Solar Compass, the scientists said that solar is an adaptable and affordable alternative, given Albania’s sunny climate.

Who won a solar project in Albania?

Smart Gynesh Energy, Smart Energy Group and Erseka Solar were selected for two lots: 40.3 MW at EUR 53.53 per MWh and 20.2 MW at EUR 56.28 per MWh. JGA consulting, Swiss Approval Albania, Eterna and Gr Albania secured 15.2 MW at a price of EUR 54.7 per MWh. Solar PV, Gr Albania, Enterprise Albania and RAB won 29.13 MW at EUR 54.8 per MWh.

What was the lowest bid at Albania's solar power auction?

The lowest bid at Albania's solar power auction came in at EUR 39.7 per MWh, against a starting level of EUR 59.97 per MWh.

Is Albania targeting 1 GW more in photovoltaics?

Balluku: Albania is targeting 1 GW more in photovoltaics through its competitive procedures The transmission network will very soon be stretched in areas with the new facilities, so the ministry will produce a study in the coming months on the available transmission and distribution capacities, she revealed.