How much do solar panels cost in Albania?

Solar panels are sold for around 140,000 Albanian lek in the market, but citizens have paid 42,000 Albanian lek, with the remaining amount covered by the Government through one of the seven licensed service companies. For the year 2024, there is no set date yet for the opening and closing of applications.

Does Albania have a solar PV potential?

Explore the solar photovoltaic (PV) potential across 6 locations in Albania, from Tirana to Vlorë. We have utilized empirical solar and meteorological data obtained from NASA's POWER API to determine solar PV potential and identify the optimal panel tilt angles for these locations.

How much solar energy does Albania have a year?

With an average solar insolation of approximately 7.63 kWh/m²/day and an annual average of 2,400 to 2,500 hours of sunshine, Albania is poised to leverage its natural resources to enhance energy independence and sustainability.

What is solar investment in Albania?

Solar investment in Albania for the next 10 years refers to the country’s strategic focus on expanding its solar energy capacity, driven by its advantageous geographical conditions and growing economic need for renewable energy sources.

Can Albania expand its solar power capacity?

Most solar power plants in Albania are small-scale installations, generally with capacities of less than 5 MW. This limited scale of deployment underscores the opportunity for Albania to expand its solar capacity significantly, particularly as the country relies heavily on imported fossil fuels to meet its energy needs.

How much solar power will Albania have by 2030?

Despite currently having an installed solar capacity of around 70 MW, there are ambitious projections indicating that Albania could add up to 800 MW by 2030, driven by a recent surge in investments totaling $286.2 million over the past decade, including a record $192.2 million in 2023 alone.