Albania has a highly favorable geographical position, among the shortest routes passing through the western Mediterranean to the Balkans and Asia Minor, and as a result a considerable potential of renewable energy sources, such as solar, wind, water, biomass and geothermal.
The use of these sources represents a long-term strategy for the implementation of three objectives: support for overall economic development, increasing security of energy supply and environmental protection.
Albania is committed to a mandatory target that 42% of energy in final gross energy consumption by 2030 will be produced from renewable sources, starting with 31.2% in 2009. In 2015, according to the energy balance, published by EUROSTAT, Albania managed to produce 34.9% of energy from renewable sources, above the third indicative trajectory of 34.3%.
The main instruments of Albanian energy policies include the harmonization of legal framework of energy sector with the European directives, consumer protection, promotion of energy efficiency and the increase of the use of renewable sources. Energy planning is based on lower costs and encouraging private and public-private investment.
Key Energy Segments To Develop Businesses