EBRD, WBIF finance 13 MW floating PV plant in Albania
- Admin
- May 10, 2024
- 1 min read
The EU's regional arm, the Western Balkans Investment Framework (WBIF), is providing Albania with a grant of 2.6 million euro for the development of a 12.9 MW floating solar photovoltaic power plant at the reservoir of Vau i Dejes hydro power plant. The project in northwestern Albania is valued at 12 million euro, with financing led by the EBRD through a 7.48 million euro loan. The PV plant is projected to generate 18 GWh of electricity, reducing carbon dioxide emissions by 8,700 tonnes per year. This project is expected to be completed by 2025 and will introduce the first application of the pure-float technology in the Western Balkans.
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