French renewable energy firm Voltalia has significantly bolstered its presence in Albania’s solar energy sector with the operational launch of its 140 MW Karavasta solar power plant and plans for a new 90 MW facility at Spitalla. The Karavasta plant, which commenced operations in December 2023, reported an impressive output of 260 GWh in 2025, reflecting a modest growth of approximately 0.7% from the previous year.
The strategic positioning of the Karavasta project is underscored by its contractual arrangements; around 50% of its annual electricity production is supplied to the Albanian electricity distribution system operator, OSHEE, through a long-term power purchase agreement lasting 15 years. The remaining generated power is sold to various private operators, establishing reliable revenue streams that enhance the project’s financial viability.
The Albanian energy regulator, ERE, has further facilitated Voltalia’s expansion by granting a 30-year electricity generation license for the Spitalla Solar project. This license allows Voltalia to develop and operate a new 90 MW solar power plant, strategically located near the coastal city of Durres. This marks Voltalia’s second major investment in Albania’s renewable energy landscape, securing operational rights through 2055.
The construction phase for the Spitalla site commenced in late 2025, with expectations set for operational readiness in the latter half of 2027. This project not only reinforces Voltalia’s commitment to renewable energy development in Albania but also aligns with regional efforts to increase solar capacity amidst growing energy demands.
