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Albania aims to stop licence transfers on renewable projects

Albania aims to stop licence transfers on renewable projects

Date: January 9th 2024

Author: Montel

Category: En.vision

Topic: Electricity , Renewables , Energy policy

Albania’s government will ask investors to start building renewable projects within 12 months or lose their licences, the country’s energy minister said on Monday.

Speaking at a press conference, Belinda Balluku said that her government will bring an end to the practice of investors receiving permits to install renewable capacity then selling their licences for profit.

“We will put a deadline of 12 months for every investor to start building their projects after they receive final approval,” Balluku said.

“I want to call all investors that want to invest in energy: please do not buy old licences, because you are buying something that you will not be able to implement.”

Balluku added that the government and the energy regulator are in the early stages of issuing approvals for another 2.2 GW from solar and 2.1 GW from wind, all for the open market.

More than 90% of Albania’s electricity is currently produced from hydro, but in an attempt to diversify its energy portfolio, the Balkan country is now focusing more on solar and wind.



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