Albania Archives - Balancing Energy

Albania: Statkraft completes feasibility study for major pumped storage project

Norwegian renewable energy company Statkraft has completed a feasibility study for a proposed pumped-storage hydropower plant in Albania, which could have a capacity of up to 1,620 megawatts (MW). The project would expand upon the existing Moglica hydropower plant on the Devoll River, and the formal proposal has now been submitted to Albanian authorities for […]

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Albania approves development of two new solar power plants totaling 54 MW

The Albanian government has greenlit the construction of two new solar power plants with a combined installed capacity of 54 megawatts (MW). Both projects must be completed within 36 months from the date of approval. The first project involves the development of a 30 MW solar facility in the village of Povelce, located in the

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Albania advances first natural gas power plant project in Fier

Albania is moving forward with a major energy diversification effort as its first natural gas-fired power plant enters the financing stage. The plant, to be built in Roskovec, Fier County—a region already known for its solar energy development—is being developed by Fier Thermoelectric, a joint venture between Greek companies GEK Terna and DEPA Trade, along

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Albania: SOCAR to begin supplying natural gas to Korca

The State Oil Company of Azerbaijan (SOCAR) is set to launch natural gas supply operations in the Albanian city of Korca, marking the first phase of a larger initiative aimed at establishing a comprehensive gas distribution network throughout the city. The project will prioritize support for local businesses and enterprises. Albanian Prime Minister Edi Rama

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Albania: KESH partners with AFD to modernize Drin River hydropower plants

Albania’s state-owned energy company, KESH, has signed a cooperation agreement with the French Development Agency (AFD) for a technical assistance grant valued at €800,000. This grant aims to support operational improvements and enhance oversight of the three major hydropower plants along the Drin River. Through this partnership, AFD will deliver specialized technical expertise to advance

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Albania: Karavasta solar power plant powers renewable future

Last week, French renewables developer Voltalia officially commissioned the Karavasta solar power plant, the largest solar installation in both Albania and the Western Balkans, with a total capacity of 140 MW. The project marks a major step in Albania’s efforts to diversify its energy sources and expand its domestic production capacity. This milestone is part

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Albania: ALPEX reports 96 GWh traded in March day-ahead market

The Albanian electricity exchange, ALPEX, announced that a total of 96 gigawatt-hours (GWh) of electricity were traded on its day-ahead market in March 2025. This marks a 16.1% increase compared to February, but a 25.4% decline year-on-year from March 2024. Breaking down the numbers, 50.5 GWh were traded in the Kosovo bidding zone and 58.1

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Albania: Karavasta Solar Park produced 45 GWh in Q1

Renewables company Voltalia said its Karavasta Solar Polar Power Plant in Albania delivered 45 GWh of electricity in the first quarter of 2024. Revenues generation at a high price for the power plant of Karavasta, and the indexation of selling prices to inflation have contributed to a 20% year-to-year surge in the company’s energy sales

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Albania: Local companies interested to build 101 MW solar projects

The Albanian Ministry of Energy received expressions of interest from local companies to develop four solar farms with a total capacity of 101 MW. The solar plants are not subject to a concession and do not benefit from support measures. Select Energy has expressed interest in the construction of a solar photovoltaic plant, with an installed

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