Early Warning System

Regions

Europe and Central Asia

Geographic location where the impacts of the investment may be experienced.

Countries

Albania

Geographic location where the impacts of the investment may be experienced.

Specific Location

Sheq-Marinas in Fier Municipality

Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Proposed

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Jul 8, 2026

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Blessed Investment shpk; Matrix Konstruksion shpk

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Energy

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 49.65 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 42.572
Converted using 2026-05-14 exchange rate.

Loan Amount (USD)

$ 49.65 million

Project Cost (USD)

$ 122.45 million

Primary Source

Original disclosure @ EBRD website

Updated in EWS May 27, 2026

Disclosed by Bank May 14, 2026

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated on the project disclosure page, the project consists of an EBRD senior secured loan of up to EUR53 million to SPV Blue 2 shpk and SPV Blue 3 shpk, for the construction and operation of approximately 160 MWp solar photovoltaic plant and a 60 MW co-located battery energy storage system (BESS). Once completed, the project is expected to be amongst the first utility-scale co-located solar PV and BESS projects in the region.

The project is expected to benefit from a first loss risk cover from the European Fund for Sustainable Development plus (EFSD+) Hi-Bar guarantee programme, which contributes to economies in the European Neighbourhood by supporting investments in renewables and energy transition.

The project aims to increase Albania's installed renewable energy capacity through the development of large-scale solar PV and storage assets and contribute to climate mitigation. The project supports the diversification of the country's power generation mix, reducing reliance on hydropower and exposure to hydrological volatility. In addition, the project will foster greater private sector participation in the energy market and strengthen the resilience and flexibility of the power system through the introduction of BESS.

The Project comprises the development of Blue Solar 2 and Blue Solar 3, two utility-scale solar photovoltaic plants located near Sheq-Marinas in Fier Municipality, Albania. The project includes Blue Solar 2 Phase 1 (64 MWp, operational), Blue Solar 2 Phase 2 (55 MWp, under construction) and Blue Solar 3 (43 MWp, preiconstruction), together with a 30 MW / 80.25 MWh BESS located within the existing Blue Solar 2 substation footprint and a 3.8 km, 220 kV overhead transmission line (OHTL) connecting the facilities to the national grid.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the EBRD, the Borrowers are two special purpose vehicles incorporated in Albania to carry out the project and are jointly owned by Blessed Investment shpk and Matrix Konstruksion shpk, domestic entities operating in the energy sector as well as construction, IT and infrastructure advisory services.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
Matrix Konstruction sh.p.k	Client	Construction	contracts with	Blessed Investment sh.p.k	Client	Energy

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Client - Blessed Investment shpk:

Edit Nito
Email: enito@blessedinvestment.com
Address: Themistokli Gërmenji Street Tirana, Albania

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html