
EBRD and Albania let the sunshine in By Axel Reiserer 04 May 2017
Memorandum of Understanding on cooperation in solar power development signed in Tirana The EBRD and the government of Albania are stepping up their support for the development of renewable sources of energy in the country. Albania’s Minister of Energy and Industry, Damian Gjiknuri and EBRD Head of Albania, Matteo Colangeli signed a Memorandum of Understanding (MoU) in the capital Tirana with the goal to stimulate sound investments in solar power generation. The document will develop projects in Albania through an auction-based system, in accordance with international best practice. Implementation of the MoU’s roadmap will significantly increase the attractiveness of investments in solar power generation in the country and thus lessen Albania’s reliance on hydropower and energy imports. EBRD Head of Albania, Matteo Colangeli, said: “The signing of this Memorandum is a very…