Renewable energy here is the sum of hydropower, wind, solar, geothermal, modern biomass and wave and tidal energy. Traditional biomass – the burning of charcoal, crop waste, and other organic matter – is not included. This can be an important energy source in lower-income settings. Albania: How much of the country’s energy comes from nuclear power?
Chief Executive Officer Bruno Papaj said the firm signed a memorandum of understanding with an Indian investor on the construction of Albania’s first lithium ion battery plant. The facility is planned to come online within two years, with 100 MW in annual capacity.
Energy imports do not only have an adverse impact on the country’s trade deficit, but they also pose significant risks to the country’s energy security. Today, Albania remains a net energy importer as domestic energy production is not able to meet demand.
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.
About 60% of Albanian energy demand is met through the fossil fuels. In terms of electricity generation, about 90% of the electricity is generated from hydropower. With the ongoing climate change, energy security could become a critical concern in Albania.
The government of Albania seems to have already acknowledged the need for a diversified energy production mix. The Minister of Energy and Infrastructure, Belinda Balluku, has repeatedly highlighted that one of the key pillars of focus is the national strategy on energy diversification.