Minister of Economy, Ahmetaj: More government funds to develop renewable energy

Minister of Economy, Ahmetaj: More government funds to develop renewable energy

The previous fiscal packages of the Albanian government have not taken in consideration the green energy as an important section to finance. “The government is currently changing the situation in the fiscal system regarding green energy,” Minister of Economic Development, Entrepreneurship and Trade Arben Ahmetaj, said.

According to him, the new changes in this aspect will make possible a fair competition and real support for the domestic production of green energy. He added that the fiscal modification that shows the importance of green energy, is the first step towards a wide support for the further development of green energy in Albania. The law on renewable energy sources, according to Ahmetaj, opens a new chapter in the energy market in Albania and is a green light to domestic and foreign investments.

Pursuant to EU Directive “20-20-20”, at least 20% of the total energy consumed in Albania, must be produced from renewable sources. The EU Directive “20-20-20” has settled targets for the improvement of climate situation.

At the Porto Romano industrial area, a new bio refinery that produces biodiesel oil has been established since in 2011. The produced biodiesel exports in the EU market for the main reason of the absence of the legal framework in Albania. In Albania, there are 15 companies licenced for the production of wind energy but there are no companies licenced for the production of solar energy.

News source: ATA

Photo credits: Jürgen from Sandesneben, Germany – Flickr


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