Masdar and KESH to explore renewable energy projects in Albania

Masdar and Albania’s Korporata Elektroenergjitike Shqiptare (KESH) have signed a term sheet agreement to jointly explore gigawatt-scale renewable energy projects in Albania. 

This collaboration will focus on developing, constructing, and operating solar, wind, and hybrid energy projects, with potential integration of battery storage to enhance Albania’s clean energy infrastructure. The generated energy will serve both domestic demand and exports to neighboring countries.

This agreement marks a further step in Masdar’s global renewable energy expansion, with recent investments including a 50% stake in Teraa-Gen Power Holdings and financing for the 1.5 GW Al Ajban Solar PV project in Abu Dhabi. Additionally, Masdar recently signed a PPA for a 200 MW wind farm in Egypt.