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2 Billion Euros Of Green Energy Will Be Invested In Albania!

from
Fatos Çoçoli
18:47 | 02/10/2023

At the end of July 2023, the Ministry of Energy and Infrastructure completed the auction for the construction of wind farms for the production of electricity, with a total capacity of 222.6 megawatts/hour (MW/h). It is as if, without spending a single lek of the taxpayers' money, a second hydropower plant of Vau de Deja was built, which has a capacity of 250 megawatts/hour. This auction is the first to be organized by the Albanian government and also the first of its kind in the region.

The French giant Total Eren ( https://www.total-eren.com/ ), in cooperation with an Albanian company, will build a wind farm with a capacity of 75 megawatts/hour. 100 percent of the energy produced by this park will be sold to our state at a very favorable price, 44.88 euros per megawatt/hour. The consortium led by the well-known Turkish company Guris Insaat ( https://www.guris.com.tr/ ) has offered to build a wind farm with a capacity of 75 megawatts/hour. Here too, 100 percent of the energy produced by this park will be sold to our state, at a competitive market price of 74 euros per megawatt/hour. Austrian giant Verbund ( https://www.verbund.com/), which has built in Albania, together with the other Austrian company EVN, the Ashta hydropower plant, has offered to build a wind farm with a capacity of 72.6 megawatts/hour. Even Verbund will sell 100 percent of the energy produced by this park to our state, at the competitive market price of 74.95 euros per megawatt/hour.

The American giant comes to Albania!

The American renewable energy company CWP ( https://www.cwp.global/our-projects/ ), which has invested 4 billion US dollars in our region, is planning a project with an investment of over 1.2 billion USD in Albania, for obtaining energy from the wind and the sun.

The project in Albania is the most important CWP project in the region. CWP is the pioneer renewable energy company in Southeast Europe. Its project in our country stands out for the stability it guarantees in the energy, economy and environment sectors, as well as for the help it is expected to provide in the creation of 1,546 new jobs in the most remote areas of Albania. CWP envisages the development of the Tropoja Wind Farm.

The farm's turbines will be connected via medium voltage lines to a project substation that will, in turn, be connected to the Albanian transmission network. Solar PV panels will be installed in clusters on ridges and adjacent areas to minimize impact on the terrain and ensure maximum energy production. These groups will not exceed the production capacity of 190 MW. The wind farm and solar PV plants will be connected to the project's approximately 100 MW battery storage unit.

The American company CWP has successfully developed, financed and built numerous projects in the region, including the largest wind farms in Serbia and Romania. The mission of this company is to accelerate the energy transition in the region, increasing the share of renewable sources in the energy mix. As a result, increasing the energy independence of the countries where it invests, as well as reducing greenhouse gas emissions in the atmosphere.

Triptych 2 billion euros of green energy in Albania

The third major project for the green energy of our country is summarized in an agreement that was approved a few days ago in the government and that has reached the Assembly to be turned into law.

The well-known Norwegian company Statkraft ( https://www.statkraft.com/ ) plans to expand its investment in the Moglica hydropower plant, with an additional value of 590 million euros.

The new project significantly increases the installed capacity in the Devolli cascade, which can be between 800 and 1,600 MW from the addition alone. Statcraft has carried out several preliminary studies, which aim to optimize the hydrological use of the Devoll River.

Studies show that building a plant with a pumped storage system could be feasible and would provide a better use of the hydrological potential of the Devoll river cascade. Both the co-concession companies and our state benefit from the optimization, due to the increase in energy storage capacity in the country.

The hydropower plants on the Devoll River represent the largest hydropower project of the last 30 years, which is being implemented in Albania. It includes two large HPPs, Banja and Moglica, as well as the Kokel HPP project. The first two hydropower plants in operation have an installed capacity of about 256 MW. The additional investment is expected to increase the installed capacity to 800-1,600 MW. The total investment cost of the new Devolli Hydropower Project is estimated at around 590 million euros. The three megaprojects, the three wind parks contracted by the Ministry of Energy and Infrastructure, with an investment value of about 200 million euros, the project of the American company CWP of 1.2 billion USD and the project of Statcraft of about 600 million euros, constitute a triptych of major investments in our green energy,

https://diasporashqiptare.al/2023/10/02/ne-shqiperi-do-investohen-2-miliarde-euro-energji-e-gjelber/