International Scientific Journals
of Scientific Technical Union of Mechanical Engineering "Industry 4.0"

Renewable energy sources (RES) will continue to play a key role in the process of deep decarbonisation of the energy sector especially in the power branch. Effects of environmental, economic, social, political and technical factors condition the rapid deployment of various sources of renewable energy-based power generation. In this case study the optional GHG reduction credit per equivalent tonne of CO2 (tCO2) used in conjunction with the net GHG reduction to calculate the annual GHG reduction revenue of a 27MW wind farm located in Qafë-Thanë, Pogradec-Albania is analysed. As the future availability of renewable energy resources is not affected by their use, wind power can address many questions related to sustainability and flexibility of the existing fuel powered technologies. Hence, cutting carbon dioxide (CO2) emissions in Albania should be fully in line with the Paris Agreement including power sector especially. The proposed action aims at developing a high-level promotion and market penetration strategy for RES, contributing to the mitigation of GHG in EU as well as in the candidate countries including Albania. Furthermore, special support should be given to candidate countries in creating policies and programmes to facilitate and promote RES technologies.

This work is focused on CO2 credit rate impact application as one of the most feasible technology to make the wind turbines cost effective for power generation. Wind energy is clean, infinite and environment friendly source of energy. However, wind energy systems, alone or hybrid systems have a high potential to reduce CO2 emissions, fuel and total cost of the system compared to the other options applied historically in power sector. Such systems are foreseen to play a key role in a stable, costless and emission-less way especially in large scale applications. The performance, availability, costs and carbon intensity of wind power indicate that CO2 credit rate can make a very substantial contribution to reduce carbon emissions and gain the security of investment of RES technologies. The other options applied would deliver only partial emission reductions, therefore, are not sufficient to attain the 2030 national energy goals so they have to rely on renewable energy technologies. Policy makers and interest parties/investors need to focus unerringly on scaling up the actual developed few options consistent with reaching the zero-emission goal.