Albania Adopts New Support Schemes for Solar and Wind Power Plants
Albania Adopts New Support Schemes for Solar and Wind Power Plants
Flavia Xhafo, Senior Associate at KALO & ASSOCIATES discussed Albania’s potential in developing other sources of renewables, such as solar or wind power plants, in addition to hydropower plants, generating more than 95% of the electricity in Albania.
In February 2017, the Parliament approved the new law on Incentives for Using of Energy from Renewable Sources (the “2017 RES Law”), which is partially aligned with the EU RES Directive No. 2009/28/EC, as part of the Acquis – an obligation Albania has as a potential candidate for accession to EU.
The 2017 RES Law establishes the broad framework for the auction mechanism and Contract for Difference (“CfD”) in future renewable projects. Currently, the state support in support schemes of RES in energy market in Albania is intended to be restructured for renewable energy sources and aims to replace the existing scheme of the feed-in tariff with a system based on CfD. The new Albanian market model (approved pursuant to Law No. 43/2015 on Energy Sector, as amended), provides for the trading of energy from renewable sources, to the advanced/liberalized market aimed to be opened by means of establishment of the Albanian Power Exchange (intended to start from January 2019).
The full text of the article is available here.
Flavia Xhafo, Senior Associate at KALO & ASSOCIATES discussed Albania’s potential in developing other sources of renewables, such as solar or wind power plants, in addition to hydropower plants, generating more than 95% of the electricity in Albania.
In February 2017, the Parliament approved the new law on Incentives for Using of Energy from Renewable Sources (the “2017 RES Law”), which is partially aligned with the EU RES Directive No. 2009/28/EC, as part of the Acquis – an obligation Albania has as a potential candidate for accession to EU.
The 2017 RES Law establishes the broad framework for the auction mechanism and Contract for Difference (“CfD”) in future renewable projects. Currently, the state support in support schemes of RES in energy market in Albania is intended to be restructured for renewable energy sources and aims to replace the existing scheme of the feed-in tariff with a system based on CfD. The new Albanian market model (approved pursuant to Law No. 43/2015 on Energy Sector, as amended), provides for the trading of energy from renewable sources, to the advanced/liberalized market aimed to be opened by means of establishment of the Albanian Power Exchange (intended to start from January 2019).
The full text of the article is available here.
