The Alternative Renewable Energy and their Developing Perspectives in Albania

Abstract

The present study analyzes the necessity of alternative energy sources for Albania, as a developing country, and their
impact on the economy. If Albanian economy will directly depending on the use of hydro energy, it simply will not have enough
energy capacity for its population. Renewable energy sources have the potential to make a large contribution to Albania’s
sustainable and independent energy future. Renewable energy production requires large investments, which increases the
production cost of energy. Nevertheless “high cost” investment should not impede the development of Albania in this sector
since the benefit is much greater than the “cost”. Any kind of investment in renewable energy such as a solar energy, wind
energy, biomass, geothermal energy etc is profitable. Many other countries of Europe have started years ago investment in
renewable. Albania’s geographical position favors investment in this field. Prospects in this sector require setting feed-in tariffs
in the new RE law to create facilities not only in investment but also to subsidize the excess energy obtained.