The proposed investment will support the development of the Karavasta Solar Project, a 140MW (installed capacity) solar PV plant to be located in the Divjaka and Fier municipalities of Albania. The project is to be developed by Karavasta Solar sh.p.k, an SPV established by Voltalia S.A. (https://www.voltalia.com).
The PV plant will be a medium-size utility-grade grid-connected solar-PV power system consisting of approximately 241,400 PV panels attached to model tracking systems, string inverters, 220 kV step-up substation (to be constructed within the proposed boundary of the site), and grid connection equipment. The PV plant will be connected to the national grid via the existing Fier substation and a 19.2 km long, 220 kV overhead transmission line to be built by Voltalia and transferred to the transmission system operator upon commissioning.
Additional infrastructure will include a building to accommodate SCADA equipment, onsite buried cabling, access tracks, material storage, and temporary office facilities.The PV plant site is located within the Libofsha administrative unit, municipality of Fier, and lies approximately 5 km south of the Karavasta Lagoon. The available land for the PV plant is 196 hectares (ha), with the proposed PV layout footprint occupying a total of 185 hectares. The nearest villages are Hasturkas and Ndërnenas, which lie 800 m and 1500 m, respectively, to the east of the project area.
The PV plant site is adjacent to Divjaka-Karavasta National Park, a Candidate Emerald Site under the Bern Convention encompassing Karavasta Lagoon Ramsar Site. It is a highly important natural area in Albania. The project site also partially overlaps (by approximately 50%) with the Karavasta Lagoon Key Biodiversity Area and Important Bird Area designated for globally threatened bird species, important congregations of wintering and breeding waterbirds, and the endemic Albanian Water Frog.
From the EBRD's website:
The Project is being carried out by Karavasta Solar Sh.p.k., a special purpose company incorporated in Albania, wholly owned by VMI ALB Karavasta BV incorporated in the Netherlands.
VMI ALB Karavasta BV is indirectly wholly owned by Voltalia S.A., based in France. Voltalia is a global utility-scale renewable energy developer and service provider with extensive experience in the development and financing of solar PV and wind projects. Voltalia is listed on the regulated market of Euronext in Paris since May 2006. Its controlling stake is owned by Creadev (71.3%), an investment company fully owned and funded by the Mulliez family. The remaining shares are free float with 2.5% and 2.6% owned by PROPARCO and EBRD, respectively. Voltalia is the Sponsor to the Project.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Karavasta Solar Sh.p.k.||Client||Energy|
|-||-||-||-||Voltalia SA||Parent Company||Energy|
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