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Energy

Since 2017 hydropower takes on around 23.5% of the total production of primary products. Also, the private sector operators provide more than 35.5% of hydropower.

Meanwhile, Albania has an untouched potential in terms of wind energy. An important source is the Adriatic coast, where a lot of areas with high wind energy potential are located. The main piece of the territory (around 2/3 of the entire surface) is uneven/hilly and mountainous (East of the country). The coast lies in the North-South direction. The average wind speed of 6-8 m/s, with an average energy density of 250-600 Ë /m2 offers a great potential for at least 20 wind farms. The total potential of wind energy that can be produced through wind farms is estimated for more than 2000 mW. In the next 5 years, Albanian Government aims to generate 5% of the total electricity from wind sources.

Albanian territory is located in the Western part of the Balkan Peninsula, on the East coast of the Adriatic and Ionian seas. The average intensity varies from 1185 to 1690 kËh / m2 per year with most of the country belonging to 1500 kËh / m2 per year. Thus, the climatic conditions make Albania a preferred destination for investing in solar energy; Solar radiation in Albania 1,500 kWh/m2/year; Average daily solar radiation 4.1 kËh/m2; Average hours of sunshine 2,400 hours/year;

Albania also has a significant volume of oil reserves and produces more than 1.4 million tons/year. International companies oil and gas companies have already been established in Albania. The Albanian oil and gas market and their by-products is cheap, open and liberalized. The Albanian government holds only a regulatory role. Oil reserves in Albania are estimated at 1.4 mln tons/year; Estimated oil reserves 500 mln barrels; meanwhile oil reserves in Patos-Marinze 200 mln barrels.