TECHNICAL-ECONOMIC EVALUATION OF THE FLOATING PHOTOVOLTAIC PLANT IN THE THANA RESERVOIR, LUSHNJE, ALBANIA

Artan HOXHA, Mariglen SHULI, Majlinda ALCANI, Spartak POCARI, Erald PIPERI

Abstract


This article explores the potential for installing floating photovoltaic plants on water surfaces in Albania. The Thana Reservoir in the Lushnjë district is in a Mediterranean plain area. The reservoir covers an area of approximately 850 hectares, providing ample space for a large-scale photovoltaic installation. In this study, a preliminary analysis has been conducted, assuming an installed capacity of around 150 MWp. The economic-financial performance projection and the main preliminary economic indicators of  PV floating plant (150 MWp) as: EBITDA (Earnings before Interest-Tax-Depreciation-Amortization), Free Cash Flow (FCF), Net Profit,  Payback Time, Internal Rate of Return (IRR), Return on Investment (ROI) show an operative performance which is favorable for a PV investment.

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