Fortis Energy gets green light in Albania for 62 MW solar power project

Fortis Energy received approval from the Albanian government for the construction of a 62 MW solar power plant in the country’s southeast. It is allowed to operate the facility for 49 years since the entry of the decision into force.

Turkey-based Fortis Energy is expanding its presence across the Balkans. Its subsidiary Fortis Energy and Construction won consent from the Council of Ministers of Albania, where it has a 600 MW project pipeline, for a 62 MW solar power plant.

At the site in the municipality of Kolonja in the country’s southeast, at the village of Taç Lartë, the facility must be built within 36 months since the entry of the decision into force. The company is yet to obtain a construction permit.

In addition to solar power, Fortis Energy invests in wind power, biogas power plants and battery storage. The company was a bronze sponsor this year at Belgrade Energy Forum, organized by Balkan Green Energy News.

PV plant’s location is in Korça district

The government’s approval includes the operation of the facility for 49 years, including the said 36 months for construction, ancillary works and commissioning. The location for Fortis Energy’s future solar power plant in the district of Korça is not subject to concession, according to the update.

The project doesn’t benefit from any state support measures, it reads.

The amount of the required guarantee is equivalent to 5% of the investment

Every three months, the company is obligated to send a progress report to the Ministry of Infrastructure and Energy and the National Agency of Natural Resources. They both have the right to supervise during the implementation, commissioning and operation.

Before signing the contract with the ministry for the solar power project, Fortis is required to provide a guarantee in the amount of no less than 5% of the investment value. The company will deliver 2% of the annual output or an equivalent in money, as a royalty, the government added.

Fortis Energy has 2 GW underway in Southeast Europe, of which one half would be solar and wind parks in Serbia

Fortis Energy is working on renewable energy projects of 2 GW altogether in Southeast Europe. One half would be solar and wind power plants in Serbia. The company recently signed a grid connection contract there for the Erdevik solar park, of 110 MW in peak capacity.

Last year it commissioned a 79.9 MW solar power plant in Oslomej in North Macedonia. The connection capacity is 68.7 MW. It plans to build battery energy storage systems (BESS) with both PV facilities.