Albania mdu energy

Will Masdar build a 'gigawatt-scale' renewable power portfolio in Albania?

Masdar and the Albania Power Corporation (KESH) have announced plans to build a “gigawatt-scale” renewable power portfolio in Albania.

Does Albania have a power supply security problem?

Albania is a net importer of electricity; power supply security is a challenge. Albania’s domestic generation is almost entirely dependent on hydropower since the country’s only thermal power plant is currently inoperable.

What is Albania's energy mix?

According to the International Energy Agency (IEA), Albania’s energy mix remains heavily reliant on hydropower, which accounted for 97.7% of electricity generation in 2022, while solar PV accounted for the remaining 2.3%.

Does Albania have a hydro power plant?

Albania’s domestic generation is almost entirely dependent on hydropower since the country’s only thermal power plant is currently inoperable. The total installed generation capacity has increased over the last few years because of new private investments in hydro power plants and more recently in small solar farms.

How much solar capacity does Albania have?

The company currently has 1.1GW of wind capacity in operation, compared to just 8.5MW of solar capacity. Albania, meanwhile, has sought to expand its solar sector in recent years, launching its fifth round of auctions for new PV capacity in January of this year.

Will Albania expand its solar sector?

Albania, meanwhile, has sought to expand its solar sector in recent years, launching its fifth round of auctions for new PV capacity in January of this year. Bids were placed for 355.9MW of capacity, and the ministry of infrastructure and energy awarded contracts to eight consortia for 300MW of capacity.