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.

Is Albania a good place to invest in renewables?

Opportunities for renewables, and especially for solar and wind energy, are extensive in Albania. According to IRENA’s Renewables Readiness Assessment report (2021), the solar radiation is very high throughout most of its territory, with the country enjoying some of Europe’s highest number of sunshine hours per year.

Why is Albania launching a new phase of energy security?

The country is now entering a new phase — one that includes solar, wind, and international partnerships aimed at building long-term energy security. Hydropower has historically covered more than 90 percent of Albania’s electricity generation. The country’s rivers and mountain terrain made it a natural choice.

Why is Albania rethinking its energy future?

Albania must then rely on expensive electricity imports to meet demand. This vulnerability pushed the country to rethink its energy future. Rather than relying on a single source, Albania is now actively investing in new technologies and diversifying its renewable mix.

Why is Albania investing in solar energy?

Rather than relying on a single source, Albania is now actively investing in new technologies and diversifying its renewable mix. Albania receives a high number of sunny days each year, particularly in the south and along the coast. This makes solar energy one of the most promising additions to the national grid.

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.