GE, CWP plan 826 MW of wind and solar in Albania
Date: October 30th 2023
US conglomerate General Electric (GE) and renewable energy developer CWP are planning to install a total of 826 MW of solar and wind capacity in Albania, the Albanian Investment Development Agency’s (Aida) document shows.The document published during the weekend reveals more details about a recently announced plan by GE and CWP to develop EUR 1bn worth of renewables projects in Albania.
“The investment includes a wind park with a capacity of 636 MW, where 100 wind turbines will be installed, as well as a photovoltaic park with a capacity of 190 MW, where 418,500 solar panels will be installed,” Aida’s document says. The timeline for the projects was not disclosed.
Both the wind and the solar park are expected to be located in the municipality of Tropoja, in the northern part of Albania where all state-owned hydropower plants are located.
Aida’s document also states that GE and CWP’s joint venture called Eralb Invest 2 was granted the status of a strategic investor in power production.
The joint venture now has six months to submit all the documents needed to get the Albanian government's final approval as the strategic investor.
Almost all of Albania’s electricity production is from hydropower generation.