Project Overview
The Drin 68.4 MW Wind Farm is a strategically located renewable energy project in Albania, well-positioned to capitalize on the country’s increasing demand for clean and sustainable power.
With all key permits secured and grid connection approved, the project is in its final pre-construction phase, approaching Ready-to-Build (RTB) status and offering a clear pathway to investment and execution.
Key Project Highlights
- Installed Capacity: 68.4 MW
- Turbines: 12 × Nordex N163-5.7 (5.7 MW each)
- Expected Annual Generation: 184,000 MWh
- Grid Connection: Approved and secured (154 kV transmission line)
- Land & Permits: Fully secured, including environmental, archaeological, and construction permits
- Project Status: Advanced development stage – final steps before Ready-to-Build (RTB)
Financial Overview
- Total Project CAPEX: €100 million
- OPEX (discounted): €10.4 million
- Revenue Potential: At €72/MWh tariff, projected annual revenue of ~€17 million
- Average Annual Net Cash Flow: ~€8.5 million
- Equity IRR: 20%
- Equity Payback Period: 6 years
- NPV (12% discount rate): €19.9 million
- Levelized Cost of Energy (LCOE): €37/MWh
Market & Investment Potential
Albania is actively expanding its renewable energy capacity in line with EU decarbonization targets, aiming to diversify its electricity mix and strengthen energy independence.
In 2023, the country imported over 35% of its electricity, highlighting a strong structural demand for domestic renewable energy generation.
The project benefits from a de-risked development profile, with secured grid connection and a full permitting package, ensuring a clear and executable path toward construction.
Once operational, the wind farm will enhance grid stability, energy security, and long-term sustainability, contributing to Albania’s growing energy needs and regional energy resilience.
Capital Structure: Senior debt financing has been successfully secured and ratified via banking institutions.
Note: The Seller is actively seeking a strategic equity partner for 20–30% participation in the project.
Disclaimer
All financial figures, projections, and performance metrics presented in this document are indicative and based on current assumptions. Actual results may vary due to factors including, but not limited to, inflation, foreign exchange fluctuations, regulatory changes, and market conditions such as currency depreciation or energy price volatility.
