Why does Albania need to import energy?

Changing weather patterns over the years have forced the country to import energy to cover domestic needs, as a lack of storage capacity requires Albania to sell its generated power during peak months of production.

How much energy does Albania need to save?

According to these, Albania needs to achieve a 52 per cent share of renewables in gross final consumption of energy. To boost energy efficiency and energy savings, it also needs to cap primary energy consumption at 2.6 Mtoe and final energy consumption at 2.4 Mtoe by 2030.

Does Albania have a national energy strategy?

The country also has a National Strategy of Energy, which aims to develop an effective energy sector that guarantees security of energy supply and efficient use of energy. Albania’s Ministry of Energy recently launched an auction round for the construction of the country’s first large-scale solar plant.

Does Albania have a power supply security problem?

Albania is a net importer of electricity; power supply security is a challenge. Albania’s domestic generation is almost entirely dependent on hydropower since the country’s only thermal power plant is currently inoperable.

Is Albania a net energy importer?

Today, Albania remains a net energy importer as domestic energy production is not able to meet demand. When it comes to renewable energy imports, Eurostat data shows that the country ranks 8 th in Europe.

Is Excelerate a good power project for Albania?

“It’s a good power project for Albania,” Excelerate Chief Executive Officer Steven Kobos said about the floating plants deal. “Obviously we hope it will lead to the opportunity to deliver natural gas and sell natural gas into Europe from that access.”