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Karavasta Solar

Sector: Water Supply and Storage • Location: Albania

Source: International Finance Corporation (IFC)

Project
Active

The proposed investment involves senior loan financing of up to EUR 36 million to Karavasta Solar Sh.p.k (the “Company” or the “Project”). It will be used to finance the development, construction, operation and maintenance of a 124MWac/140MWp solar photovoltaic (PV) plant located in the County of Fier, Albania. The PV plant will be connected to the national grid through a 19.2 km 220 kV transmissi

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Project Information

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The project “Karavasta Solar” is an infrastructure initiative in the Water Supply and Storage sector, located in Albania. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

active

Taiyo status

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Description

Description

The proposed investment involves senior loan financing of up to EUR 36 million to Karavasta Solar Sh.p.k (the “Company” or the “Project”). It will be used to finance the development, construction, operation and maintenance of a 124MWac/140MWp solar photovoltaic (PV) plant located in the County of Fier, Albania. The PV plant will be connected to the national grid through a 19.2 km 220 kV transmission line also financed as part of the Project. The Project is expected to be commissioned in 2023. The Project will sell 50% of generated electricity to the state-owned offtaker, Korporata Elektroenergjetike Shqiptare Sha, based on a competitively awarded tariff Power Purchase Agreement. The other 50% of the Project output will be sold on the market. 

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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