On the 1st of April 2022, Banja Floating Solar Plant’s first floater started commercial operations. This project is based on Ocean Sun’s innovative floating solar technology. The first unit has an installed capacity of 500kWp. Statkraft has as of July 5th, 2022, given the Notice to Proceed to move ahead with the installation of the additional 3 rings, bringing the total installation to 2MWp. The floaters will be located on the Banja reservoir in Albania, in addition to Statkraft’s 72-megawatt hydropower plant. The system will generate renewable energy for the Albanian national electricity grid with almost 6400 solar panels.

“We are very pleased with the additional construction at the Statkraft’s Banja reservoir. It will be the first multi-ring Ocean Sun system and will position Ocean Sun toward larger utility-scale projects. We appreciate that Statkraft is paving the way for our innovative solution for floating solar and their trust in our design and performance.” says Børge Bjørneklett, CEO and founder of Ocean Sun.