Vau i Dejës Floating Solar Photovoltaic Power Plant

Vau i Dejës Floating Solar Photovoltaic Power Plant

Project Description

This investment project will install a 12.9 MW floating solar photovoltaic power plant at Vau i Dejës, a reservoir that hosts one of the largest hydropower plants in Albania.

This will be the first medium-sized hybrid floating solar and hydropower plant and the first application of pure-float technology in the Western Balkans. The investments are expected to have a significant demonstration effect and be easily replicated on other reservoirs in Albania and the wider region.

The plant is expected to produce over 18 GWh of electricity and displace 8,700 tonnes of CO2 annually.

The WBIF Bilateral Donors co-fund the investments under Flagship 4 - Renewable energy - of the Economic and Investment Plan for the Western Balkans.

Project Financing

WBIF Grant WB-IG06-ALB-ENE-01 € 2,692,698
EBRD Loan € 7,477,968
National Contribution Own Contribution € 1,885,225
Total € 12,055,891
Total Grants € 2,692,698
Total Loans € 7,477,968

Partner Financial Organisations

Western Balkans Partners