Albania Archives - Page 3 of 5 - Balancing Energy

Albania: Voltalia’s Karavasta solar power plant generates 132 GWh in first half of 2025

French renewable energy company Voltalia reported that its 140 MW Karavasta solar power plant in southwestern Albania generated a total of 132 GWh of electricity in the first half of 2025. The plant began producing electricity in December 2023. Half of the plant’s annual output is supplied to the Albanian electricity distribution system operator OSHEE […]

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Albania secures EU and EBRD funding for 50 MW solar power plant in Belsh

Albanian Minister of Energy Belinda Balluku announced that the country has secured a 9.6 million euro grant from the European Union to support the development of a 50 MW solar power plant in the municipality of Belsh, located in central Albania. This grant will be complemented by a 30 million euro sovereign-guaranteed loan from the

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Albania launches second internship call to boost youth employment in oil and gas sector

Deputy Prime Minister and Minister of Infrastructure and Energy, Belinda Balluku, has announced the launch of the second round of internships for students specializing in oil and gas, offering them the opportunity to join the state-owned company Alpetrol. “In 2024, the Ministry of Infrastructure, in cooperation with Alpetrol, initiated a new project aimed at young

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Albania: ALPEX sees surge in electricity trading volume and value in June 2025

The Albanian electricity exchange ALPEX reported that the total volume of electricity traded on the day-ahead market reached 135.6 GWh in June 2025. This represents an increase of 8.9 percent compared to the previous month and 31.3 percent more than in June 2024. Out of the total traded volume, 89.8 GWh was allocated to the

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Albania: KESH launches insurance tender for mobile gas-fired power plants in Vlore

Albanian state-owned power company KESH has launched a tender to obtain insurance coverage for two mobile gas-fired power plants and their associated infrastructure located in Vlore, with an estimated budget of around 1.8 million euros. The 12-month insurance policy will cover two barge-mounted generation units along with the permanent facilities they depend on. These assets

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Albania approves 62 MW solar power plant led by Turkey’s Fortis Energy

The Albanian government has approved the construction of a 62 MW solar power plant in the village of Tac Larte, situated in the southeastern part of the country. The project will be developed by Turkish renewable energy company Fortis Energy, representing another step in Albania’s push to expand its clean energy production. The newly approved

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Albania resumes costly electricity imports amid drought and high temperatures

High temperatures and a prolonged lack of rainfall have compelled the Albanian Power Corporation (KESH) to resume purchasing electricity from the international market. Over the past two weeks, KESH organized four auctions, spending a total of €14 million to cover domestic energy needs. The electricity was bought at an average price of €95 per megawatt-hour.

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Albania among world’s most expensive countries for fuel despite record imports

Albania is currently ranked as the seventh most expensive country in the world for oil prices. With fuel prices exceeding $2 per liter, it stands out as the costliest in the Western Balkans by a significant margin. Serbia follows in second place within the region, but still lags far behind. When compared to countries like

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Albania: Greencells plans 96 MW solar power plant

Greencells Renewables Albania, a subsidiary of Germany’s Greencells Group, has submitted an application for an environmental permit to build a 96 MW solar power plant in northeastern Albania, near the village of Kastriot. The project would cover over 426,000 square meters and involve the installation of 137,150 solar panels and 268 inverters. The Albanian environmental

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Albania: ALPEX records 124.5 GWh of electricity traded in May 2025, down from previous year

The Albanian electricity exchange ALPEX reported that a total of 124.5 GWh of electricity was traded on the day-ahead market in May 2025. This marks a 2.6 percent decline compared to the previous month and a 7 percent decrease compared to May 2024. Of the total volume, 67.5 GWh was traded for the Kosovo bidding

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