星期三, 1月 20, 2021
Home PV News Albanian utility set to move forward with 12.9 MW floating PV project

Albanian utility set to move forward with 12.9 MW floating PV project

Korporata Elektroenergjetike Shqiptare began development of the €13.9 million facility in December 2018. The European Bank for Reconstruction and Development is considering lending €9.5 million to a project which it is said would help reduce the electric company’s reliance on hydro revenues.

Source:PV magazine

The European Bank for Reconstruction and Development (EBRD) is considering lending €9.5 million to state-owned Albanian utility Korporata Elektroenergjetike Shqiptare (KESH) for the construction of a 12.9 MW floating PV plant at a reservoir of the Drin River near Vau i Dej?s, in Shkod?r County, northwestern Albania.
“The project will strengthen KESH’s operational and financial performance through reduced reliance on hydro revenues and due to the floating technology’s positive impact on the water levels of the existing reservoir,” the lender said in a document on its website.
The €13.9 million plant has been planned since December 2018 and would be the largest floating project in the Western Balkans. It is intended the power generated would be sold on the local spot market.
Environmental impact
“Environmental and social issues associated with the project are anticipated to be localized, readily assessed and mitigated, based on an environmental and social due diligence [study],” stated the EBRD.
The plant would be built on a reservoir at the the 260 MW Vau i Dej?s Hydroelectric Power Station owned by KESH. The utility, which runs three hydropower plants with a combined generation capacity of 1.3 GW at the Drin River Cascade, operates around 80% of the nation’s generation capacity.
Norwegian renewables company Statkraft, and compatriot floating PV specialist Ocean Sun, are developing a €2 million, 2 MW floating solar project at the former’s 72 MW hydropower plant in Albania’s Elbasan region.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

New Energy Equity adds 326 kW of solar to municipal buildings in Norton Shores, Michigan

New Energy Equity, along with its development partner Chart House Energy, has completed a 326-kWDC solar development project consisting of three separate municipal buildings...

PG&E announces 387 MW/1,548 MWh of energy storage capacity in latest project announcement

Pacific Gas and Electric Company (PG&E) has requested approval from the California Public Utilities Commission (CPUC) for six new battery projects totaling 387 MW...

NEP releases 500-W microinverter for large-format panels

Silicon Valley-based Northern Electric Power Technology (NEP) has released a new 500-W microinverter. The company is calling it a “macroinverter” since it is able...

Solar investment tax credit extended at 26% for two additional years

Story updated Dec. 22 after successful passage of the bill by Congress. Extended renewable energy tax credits have been included in a $1.4 trillion federal...