Date: 10 March 2023

Photovoltaic Plant “Project Blue”, Renewable Energy Project

Project nameProject Blue 1
RegionWestern Balkan Region
SectorRenewable Energy

On the 10th of March 2023 Green for Growth Fund (GGF) has announced a EUR 28 million loan to fund a landmark transaction with SPV Blue 1 in Albania. 


Blessed Investment and Matrix Konstruksion’s partnership with GGF is a key milestone in the process of energy transition and renewable energy in the Western Balkan Region. The Project Blue 1 is the first utility scale project in the Balkans under construction without any kind of subsidy from the Government. We would like also to recognize the Government of Albania for creating the conditions for it to happen. We will continue our close partnership with GGF to grow this first project.