Weekly renewables M&A round-up (May 16-20)
May 20, 2022 17:01 CESTTIRANA (Albania), January 20 (SeeNews) – Albania’s infrastructure and energy ministry said on Monday it has opened a tender for the construction, maintenance and operation of a 140 MW photovoltaic plant (PV) in Karavasta area, near the southwestern city of Fier.
The bidding deadline is March 16 and the contract with the winner is expected to be signed in early May, according to a video file posted on the ministry's Facebook page.
The project is expected to have a total cost of around 100 million euro ($111 million), energy minister Belinda Balluku said.
The contract foresees the signing of an energy purchase agreement with state-owned power distributor OSHEE for the purchase of energy from the PV plant in the first 15 years of operation, Balluku added.
In late 2018, Albania successfully completed the first-ever renewable energy support auction in the Energy Community. Albania’s energy ministry selected a consortium led by India Power Corporation for the construction of a 100 MW solar park worth 70 million euro in Akerni area, near the southwestern port city of Vlora.
Albania produces over 90% of its electricity from HPPs, most of it from three power stations along the Drin river, in the northern part of the country.
($ = 0.9015 euro)
Weekly renewables M&A round-up (May 16-20)
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