Electrical Energy
Before 1991, Albania’s electrical energy sector relied almost entirely on hydropower, with most major plants constructed under the former regime. Over the past three decades, however, the country has undergone some transformation. New legislation now encourages diversification into renewable sources, private participation, and market liberalization. The government’s current strategy centers on energy diversification and sustainability, with multiple renewable energy initiatives in hydro, solar, wind, and biomass, now in development or implementation stages.
Frost & Fire Consulting possesses unmatched experience in the Albanian energy sector. Our partners and experts have been actively involved in its evolution, advising public institutions, investors, and private operators on legal, regulatory, and transactional aspects. Our contribution spans from policy design to project execution, covering every link in the energy value chain.
Project Finance
We advise on the development, financing, construction, operation, restructuring, and acquisition of energy projects across electricity, natural gas, renewables, and efficiency sectors. Our team assists clients in structuring financing models and negotiating with international lenders for large-scale infrastructure and green energy ventures.
Legislation
Our experts have contributed to the drafting of the macro-legislative framework that established Albania’s energy market. We assist in licensing, third-party operator regulation, and foreign investment facilitation. Our legislative work also includes preparing administrative acts and contractual models for distribution, procurement, and construction of power facilities, as well as wholesale and retail supply agreements.
Concessions & Public-Private Partnerships
We have led negotiations and due diligence for some of the country’s most notable energy concessions, from hydropower plants and solar parks to upcoming wind farms. Our role extends to designing concession structures that balance investor security with long-term sustainability.
Regulation & Market Operations
We provide counsel on market entry, licensing, tariff applications, and dispute resolution between operators and regulators. Our experience covers both the regulated and liberalized segments of the electricity market, ensuring full compliance with national and EU energy legislation.
Infrastructure Development
Frost & Fire Consulting has advised on the construction of new generation assets, including hydropower plants (HPPs) and the Vlora Thermal Power Plant—Albania’s first major domestic generation project in over 25 years. Our involvement also extends to transmission and distribution networks, substations, and 400 kV interconnection lines that link Albania with regional energy systems.
Financing
We have supported projects funded by leading international financial institutions such as the World Bank, European Bank for Reconstruction and Development (EBRD), and European Investment Bank (EIB). Our role often bridges investors, governments, and multilateral agencies to ensure transparent, bankable, and compliant financial frameworks.
Operations & Management
Our team has practical experience in drafting, negotiating, and executing contracts for energy import/export, supply to qualified customers, transmission and distribution agreements, and procurement of power. We also assist in managing disputes among market operators and aligning corporate practices with the evolving regulatory framework.
International Expertise
Beyond Albania, our professionals have participated in international transactions, including the global offering of shares of TERNA, Italy’s leading electricity transmission company, across the U.S., Italy, and Canada. This cross-border perspective enhances our ability to advise clients operating in or entering Albania’s energy market.
Through decades of combined expertise, Frost & Fire Consulting has advised international developers, financing institutions, contractors, and state bodies on some of the most significant energy projects in the country. We continue to support Albania’s transition toward a diversified and sustainable energy future providing the legal clarity and strategic foresight that investors and corporations require to succeed in this dynamic sector.
Throughout our individual and firm representative experience, we have assisted a wide spectrum of international and national clients in the energy sector that include a number of major international energy companies, developers, international financing institutions, equity investors, lenders, contractors, project companies, manufacturers, the Albanian government and its departments/agencies, and state owned companies.For more information on renewable energy in Albania, see IRENA – Albania.Explore our expertise in other services to see how we support diverse sectors.