Albania Air Energy Storage Power Generation Project

What are the opportunities for solar energy deployment in Albania?

Opportunities for the deployment of solar energy are extensive. Albania’s solar insolation is very high throughout most of its territory at more than 1 500 kWh/m2 annually, with peaks of 1 753 kWh/m2 annually, particularly in the western part of the country.

How can Albania solve the energy crisis?

In addition to eliminating the electricity deficit and taking electrification to new sectors, Albania can increase its potential to unlock new industries and investment using clean energy. The country can explore opportunities to produce green hydrogen through solar and wind power.

Is Excelerate a good power project for Albania?

“It’s a good power project for Albania,” Excelerate Chief Executive Officer Steven Kobos said about the floating plants deal. “Obviously we hope it will lead to the opportunity to deliver natural gas and sell natural gas into Europe from that access.”

Why does Albania need to import energy?

Changing weather patterns over the years have forced the country to import energy to cover domestic needs, as a lack of storage capacity requires Albania to sell its generated power during peak months of production.

Is Albania a 'forgotten giant of clean electricity'?

While hydropower seems to have been the “forgotten giant of clean electricity” as pointed out by IEA in its Hydropower Special Market Report, Albania, in that respect, on the contrary, has done a great job at harnessing its hydropower potential, which has undoubtedly contributed positively to the decarbonisation of its electricity sector.

Does Albania need a diversified energy production mix?

The government of Albania seems to have already acknowledged the need for a diversified energy production mix. The Minister of Energy and Infrastructure, Belinda Balluku, has repeatedly highlighted that one of the key pillars of focus is the national strategy on energy diversification.