In Albania, Voltalia launches the construction of the Karavasta project, the largest solar power plant in the Western Balkans
01 Juli 2022 - 7:00AM
In Albania, Voltalia launches the construction of the Karavasta
project, the largest solar power plant in the Western Balkans
Voltalia (Euronext Paris, ISIN code:
FR0011995588), an international player in renewable
energies, launches the
construction of the Karavasta site, a
140-megawatt photovoltaic
plant
The groundbreaking ceremony for the Karavasta
Solar site in Albania will take place this morning in the presence
of the Prime Minister, Mr. Edi Rama, the Minister of Energy and
Infrastructure, Mrs. Belinda Balluku, and the French Ambassador to
Tirana, Mrs. Elisabeth Barsacq.
Voltalia has won a 30-year concession for the
Karavasta photovoltaic power plant in 2020. The 140-megawatt
project was awarded to Voltalia by decision of the Albanian Council
of Ministers on January 21, 2020, following the competitive bidding
process launched by the Ministry of Infrastructure and Energy with
the support of the European Bank for Reconstruction and Development
- EBRD. According to the terms of the tender, Karavasta will sell
50% of the electricity through a 15-year sales contract to the
Albanian public operator, while the remaining production will be
sold through long-term contracts to private operators. The plant is
expected to be commissioned in the second half of 2023.
The plant will cover the annual electricity
consumption of 220,000 inhabitants, twice the consumption of
Albanian cities such as Vlora or Kamza. It will avoid the emission
of more than 96,500 tons of CO2 per year, the equivalent of 9.5% of
the emissions from the industrial sector in Albania.
"We are particularly proud to support the
Albanian energy transition. By its size, the Karavasta project is a
major element of this policy aimed at increasing the country's
energy independence through an economically competitive and
environmentally efficient energy. I would like to thank all our
teams in Albania and Europe who are supporting this project," said
Sébastien Clerc, CEO of Voltalia.
Voltalia in
Albania
Voltalia has been present in Albania since 2018
through turnkey construction contracts for third-party customers
for three photovoltaic power plants (7.5 megawatts) located 10
kilometers from the future Karavasta plant.
In May 2021, Voltalia won a second solar
project, called Spitalla, with a capacity of 100 megawatts in
Albania, in the Dürres region on the Adriatic coast. Voltalia, as
for Karavasta, will be the developer, builder and operator of the
project.
For Spitalla, the public operator will receive
70% of the electricity over a period of 15 years. The rest of the
energy will be sold under long-term contracts at a market price.
Commissioning is scheduled for 2024.
Albania, which has growing energy needs and an
already fully renewable energy mix, continues to diversify its
renewable energies, focusing on solar and wind power. These
projects are further illustrations of the competitiveness of
renewable energy in the region.
Next on the agenda: Q2
2022 revenues on July
20, 2022 (after market closing)
About Voltalia
(www.voltalia.com) |
Voltalia is an international player in the renewable energy sector.
The Group produces and sells electricity generated from wind,
solar, hydraulic, biomass and storage facilities that it owns and
operates. Voltalia has generating capacity in operation and under
construction of more than 2 GW and a portfolio of projects under
development representing total capacity of 11.1 GW. Voltalia is
also a service provider and supports its investor clients in
renewable energy projects during all phases, from design to
operation and maintenance. As a pioneer in the corporate market,
Voltalia provides a global offer to private companies, ranging from
the supply of green electricity and energy efficiency services to
the local production of their own electricity. The Group has more
than 1,300 employees and is present in 20 countries on 3 continents
and is able to act worldwide on behalf of its clients. Voltalia is
listed on the regulated market of Euronext Paris, compartment B
(FR0011995588 – VLTSA) and is part of the Enternext Tech 40 and CAC
Mid & Small indices. The Group is also included in the
Gaïa-Index, an index for socially responsible midcaps. |
Loan Duong, Head of Communications & Investor relationsEmail:
invest@voltalia.comT. +33 (0)1 81 70 37 00 |
ActifinPress Contact: Jennifer Julliajjullia@actifin.fr
. T. +33 (0)1 56 88 11 11 |
- In Albania, Voltalia launches the construction of the Karavasta
project, the largest solar power plant in the Western Balkans
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