Albania has a considerable potential of Renewable Energy Sources (RES). RES represent an important energy source available in Albania. The use of such sources for energy production represents a long-term strategy for implementation of three objectives of energy policies of the country, such as: support for the overall economic development; increase of the security of energy supply and protection of environment. Production of energy from renewable energy sources is beneficial to Albania, since it decreases the dependence on energy imports, and provides greater security for energy supply.
Albania has committed to a binding 42% target of energy from renewable sources in gross final energy consumption in 2030, starting with 31.2% in 2009. In 2015, according to the energy balance published by EUROSTAT, Albania achieved a 34.9% share of energy from renewable sources, above the third indicative trajectory of 34.3%. Thanks to the favorable geographic position in the Mediterranean Sea Basin, Albania has significant potential of renewable energy sources such as, water, wind, sun, and biomassand geothermal.
Key Energy Segments To Develop Businesses