Renewable energy developer CWP Europe and GE Vernova Onshore Wind business plans to jointly develop a big wind and solar hybrid project in Albania, worth more than one billion euros. Under a partnership agreement, the two companies will develop a hybrid renewable power plant expected to generate enough electricity to cover around 75% of the consumption of Albanian households.
According to the companies, the project has the potential to elevate Albania to the status of a net exporter of electricity, significantly enhancing regional energy security. The initiative is still at an early stage, with the developers yet to obtain all necessary project permits and conduct an environmental and social impact assessment.
