Photovoltaic Park of Karavasta
Photovoltaic Park of Karavasta
The company Voltalia, with 100% French capital, has been announced the winner of the auction for the construction of the photovoltaic park of Karavasta with an installed capacity of 140 MW. The investment will be in the range of EUR 80 million while the project development contract will be for 30 years.
Half of the green energy produced (70 MW) will be sold to the Albanian state at a subsidised rate of EUR 24.89 (GBP 22.31) per MWh, for a period of 15 years (supported PPA), while the remainder will be sold in the Albanian energy market at internationally competitive prices. A possibility to switch from the supported PPA to a contract for difference arrangement is available once the conditions of the energy market allow.
The company Voltalia, with 100% French capital, has been announced the winner of the auction for the construction of the photovoltaic park of Karavasta with an installed capacity of 140 MW. The investment will be in the range of EUR 80 million while the project development contract will be for 30 years.
Half of the green energy produced (70 MW) will be sold to the Albanian state at a subsidised rate of EUR 24.89 (GBP 22.31) per MWh, for a period of 15 years (supported PPA), while the remainder will be sold in the Albanian energy market at internationally competitive prices. A possibility to switch from the supported PPA to a contract for difference arrangement is available once the conditions of the energy market allow.
