TIRANA, Jan 25 – Albania signed a Euro 1 billion project to build an energy park with Italy’s Marseglia Group.
The Italian company will build a 140-megawatt liquid biomass energy plant and two 234-megawatt wind farms. The deal signed Friday also provides for an underseas power link between Italy and Albania and converter substations in the Lezha district, 60 miles north of Tirana. It is not clear when construction will start.
The electricity produced by the new energy park will be sold to the Italian market. At the same time, Albania will be eligible to receive unlimited energy at a lower price.
In December, Albania signed two major energy contracts worth Euro 2 billion with two other Italian companies for a wind farm and a gas-powered electricity plant.
Albania signs a euro1 billion contract with Italy’s Marseglia Group for energy park
Change font size:
Latest from Business & Economy
Albania’s Currency Exchanges Tied to Drug Money Laundering
Change font size: - + Reset By Tirana Times Staff TIRANA, Albania,October 16,2025. Behind brightly lit kiosks advertising euros, dollars and pounds, prosecutors say a hidden financial system is moving millions in
Kosovo Visitors Drive Summer Tourism Surge as Italian Arrivals Slip
Change font size: - + Reset Kosovo Visitors Drive Summer Tourism Surge as Italian Arrivals SlipTirana, September 26, 2025 — By Tirana Times Staff Albania’s summer tourism season ended on a stronger
Bankers Petroleum Threatens Arbitration Amid Fraud Probe in Albania
Change font size: - + Reset By Tirana Times | July 23, 2025 Albania’s most lucrative oilfield has become the epicenter of what could be the country’s most consequential investor-state confrontation to
Arrests at Bankers Petroleum Spark Questions Over Albania’s Oil Industry and Accountability
Change font size: - + Reset By Tirana Times Staff FIER/TIRANA, July 2, 2025 — In a stunning development that has shaken Albania’s oil sector, police arrested the current CEO of Bankers
What’s driving Chinese FDI in the Western Balkans – and what should be done about it?
Change font size: - + Reset 12 June 2025 Chinese FDI in the Western Balkans has increased substantially, but won’t catch up with EU FDI any time soon. Governments must ensure that