Albania launches 300 MW solar auction
Date: January 16th 2024
Author: Montel
Category: En.vision
Topic:
Electricity
, Renewables
, Energy policy
Albania has launched a new 300 MW solar auction and aims to announce winners by 10 July, energy minister Belinda Balluku said late on Monday.
The ceiling price will be EUR 59.97/MWh. Companies can offer projects with capacities of between 10 MW and 100 MW.Balluku said that this is the first solar auction in which the government will not help investors to find land, and that companies will have to do this for themselves.
“This is a hybrid auction where the government will buy power for the next 15 years but we will not find locations for them,” Balluku told a press conference.
Last year Albania changed land use rules to forbid companies from building solar parks on fertile land, a move that many investors did not welcome.
This is the fifth renewable energy auction that Albania has organised since 2018, as it continues a drive to diversify its power production portfolio. Until a year ago the country’s production fleet was almost entirely from hydropower.
The government has so far given final approval for 603 MW from solar and 37 MW from wind from investors that will sell their power on the open market. It is currently in the early stages of issuing approvals for another 2.2 GW from solar and 2.1 MW from wind, all for the open market.
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