Masdar and KESH join forces to transform Albania’s energy strategy

Masdar and KESH sign a strategic partnership to develop large-scale renewable energy projects, positioning Albania as a key player in the European energy market.

Partagez:

The Emirati giant Masdar (Abu Dhabi Future Energy Company PJSC) and Korporata Elektroenergjitike Shqiptare (KESH), a major energy player in Albania, have formalized a strategic agreement to accelerate the country’s energy transition. Signed during COP29 in Baku, Azerbaijan, this agreement marks a turning point in Albania’s energy strategy and strengthens its position in the European energy market.

This partnership aims to develop large-scale solar, wind, and hybrid projects, potentially integrating battery storage solutions. The energy produced will not only meet domestic market needs but also be exported to neighboring countries via cross-border interconnections.

A strategic project for Albania

Albania, already largely dependent on hydropower, seeks to diversify its energy sources to enhance resilience and mitigate risks associated with climate variability. According to Erald Elezi, CEO of KESH, this partnership will enable the country to capitalize on its renewable energy potential while adopting an energy strategy aligned with European sustainability goals.

For Masdar, this agreement represents a strategic opportunity to expand its presence in the Balkans, a region with growing demand for clean and reliable energy solutions. Masdar CEO Mohamed Jameel Al Ramahi stated that this collaboration reflects Masdar’s ambition to become a global leader in renewable energy, targeting an installed capacity of 100 GW by 2030.

Economic and environmental implications

Beyond its energy impact, this partnership promises significant economic benefits for Albania. The projects will create jobs, stimulate local investments, and improve the country’s energy security. By strengthening its role as a clean energy provider, Albania aspires to become a strategic hub for exporting renewable energy in Europe.

The agreement also has an international scope. By partnering with Masdar, a company recognized for its expertise in green energy technologies and financing, Albania ensures access to resources and innovations that will accelerate its energy transition.

An energy strategy for the future

This agreement is part of a broader strategic vision for both partners. Masdar continues to strengthen its presence in Southeast Europe with recent projects in Serbia and Greece, while KESH modernizes its infrastructure and diversifies its capabilities to meet future challenges.

Together, the two companies are building a strategic collaboration model designed to address local and regional energy challenges while contributing to global climate objectives.

Pedro Azagra leaves his role as CEO of Avangrid to become CEO of Iberdrola, while Jose Antonio Miranda and Kimberly Harriman succeed him as CEO and Deputy CEO respectively of the American subsidiary.
The US investment fund Ares Management enters Plenitude's capital by acquiring a 20% stake from Eni, valuing the Italian company at 10 billion euros and reinforcing its integrated energy strategy.
ENGIE secures a contract to reduce Airbus' industrial emissions in France, Germany, and Spain, targeting an 85% decrease by 2030 through various local energy infrastructures.
Alain Rhéaume, Chairman of Boralex’s Board of Directors for eight years, will leave his position by December, following the appointment of his successor by the governance committee of the Canadian energy group.
Norwegian group Statkraft plans an annual cost reduction of NOK2.9bn ($292 million) by 2027, citing possible job cuts amid rising financial burdens and volatility in the European energy market.
EDF merges EDF Renouvelables and its International Division into EDF power solutions, led by Béatrice Buffon, to optimise its global 31 GW low-carbon energy portfolio and strengthen its international positioning.
TotalEnergies announces a strategic partnership with Mistral AI to establish a dedicated innovation laboratory integrating artificial intelligence tools aimed at enhancing industrial efficiency, research, and customer relations.
The Energy Transitions Commission warns of economic risks tied to growing protectionism around clean technologies, while calling for global consensus on carbon pricing.
Baker Hughes has reached an agreement to sell its precision sensor product line to Crane Company for $1.15bn, thereby refocusing its operations on core competencies in industrial and energy technologies.
American conglomerate American Electric Power sold 19.9% of two transmission subsidiaries to KKR and PSP Investments, raising $2.82bn to support its five-year $54bn investment plan.
The new mapping by Startup Nation Central identifies 165 active companies in Israel’s energy technologies, amid strong private funding and growing global market interest.
The new CEO of EDF, Bernard Fontana, aims to achieve €1 billion in operational cost savings for the French energy giant by 2030, prioritizing industrial contracts and the national nuclear sector.
CMS Energy Corporation has announced a cash tender offer for debt securities totalling $125 million, issued by Consumers Energy. The offer expires on July 3, 2025, with priority given to bonds submitted before June 17, 2025.
Vermilion Energy is exiting the U.S. market permanently by selling its assets for C$120mn ($87.88mn), refocusing its operations on Canada and Europe while reducing its debt and investment budget.
In 2024, Italian energy giant Eni paid approximately €8.4 billion to various global governments. These payments, primarily concentrated in Africa and Asia, reflect its commitments in the international energy sector.
The International Energy Agency projects a record-high global energy investment in 2025, driven by electricity and low-carbon technologies despite geopolitical and economic uncertainty.
The Czech regulatory authority launches an investigation into suspected collusion involving several major actors in the awarding of a thermal power plant, putting transparency of a strategic transaction for the energy sector at stake.
The Democratic Republic of Congo is set to replace its temporary ban on cobalt hydroxide exports with quotas, aiming to balance global demand, secure revenue, and stabilize market fluctuations.
European Energy secured EUR 145mn in financing from SEB and Swedbank to support wind, solar, and storage assets in Lithuania, reinforcing its regional expansion strategy.
Greenvolt Group finalised the sale of 28 solar and wind projects to Transiziona, valued at €195mn, bringing total asset sales to €530mn in 2025 as part of its pan-European strategy.