Albania, Voltalia sign 30-year concession deal for Karavasta solar park

Albania's government has signed a contract for the construction and operation of a 140 MW photovoltaic park in Karavasta coastal area with French renewables company Voltalia, the company said.

The parties signed the deal for the 30-year concession of the future solar power plant on July 31, Voltalia said in a Twitter post on Friday.

Voltalia won the tender for the construction of the photovoltaic park in late May. Under the contract, Voltalia will sell half of the electricity produced at the solar park to Albania's state energy distribution company for 24.89 euro per MW/hour, less than half the price ceiling of 55 euro. The remaining half will be sold in the market.

Albania's minister of infrastructure and energy Belinda Balluku said in June that the construction of the photovoltaic park is expected to start in November.

The cost of the project is estimated at around 128 million euro ($150 million).

($ = 0.8527 euro)

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