The Sarande 80 MW Wind Farm is a strategically located renewable energy project in Albania, positioned to benefit from the country’s increasing demand for clean and domestically produced electricity.
With all key permits secured and grid connection approved, the project is currently in its final pre-construction stage, fully prepared for investment and immediate development execution.
Key Project Highlights
- Installed Capacity: 80 MW
- Number of Turbines: 14 × Nordex N163-5.7 (5.7 MW each, 120m hub height)
- Expected Annual Generation: 190 GWh
- Grid Connection: Approved and secured (150 kV transmission line)
- Land & Permits: Fully secured (environmental, land-use, construction permits)
- Project Status: Advanced development stage – ready for construction
Financial Overview
- Total Project CAPEX: €112 million
- Annual OPEX (discounted): €1.5 million
- Revenue Potential: At €72/MWh, projected annual revenue of ~€12.7 million
- Average Annual Net Cash Flow: ~€8.6 million
- Equity IRR: 17%
- Equity Payback Period: 6 years
- NPV (12% discount rate): €15.9 million
- Levelized Cost of Energy (LCOE): €0.039/kWh
- Financing: Senior debt financing has been successfully secured and ratified via banking institutions.
Market & Investment Potential
Albania is rapidly expanding its renewable energy capacity to align with EU decarbonization targets and reduce reliance on imported electricity.
In 2023, the country imported more than 35% of its electricity demand, highlighting a strong structural need for domestic renewable generation.
This project benefits from a de-risked development profile, supported by fully secured permits and an approved grid connection, providing a clear and executable path to construction.
Once operational, the wind farm will enhance grid stability, energy independence, and regional energy security, while contributing significantly to Albania’s clean energy transition.
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.
Financial Forecast
| Financial / Technical Parameter |
Value / Detail |
|
|
| Location / Project Name |
Sarande, Albania (Sarande Wind Farm) |
| Installed Capacity |
80 MWp |
| Target Price / Equity Stake |
TBD (Part of the WE ENERGO portfolio transaction) |
| Estimated Total CAPEX |
~€115,000,000 – €125,000,000 EUR (€1.4M–€1.55M per MW benchmark) |
| Expected Annual Generation |
215,000 MWh (Estimated ~30.7% capacity factor / 2,680 full-load hours) |
| Assumed Electricity Tariff |
€72 / MWh |
| Estimated Annual Gross Revenue |
~€15,480,000 EUR |
| Estimated Annual OPEX |
~€3,200,000 EUR (O&M, land leases, insurance, administration) |
| Estimated Annual EBITDA |
~€12,280,000 EUR (Revenue minus OPEX) |
| Implied EBITDA Margin |
~79.3% |
| Project Status |
Ready-to-Build (RTB) / All key permits secured |
