Statkraft celebrates Albania’s first floating solar site entering commercial operations

Facebook
Twitter
LinkedIn
Reddit
Email
The Banja Reservoir is now home to both Statkraft’s 72MW hydropower asset and floating solar. Image: Statkraft

Statkraft has completed what it claims to be Albania’s first floating solar plant, energising a 500kW, first phase install at the base of a hydropower project on the country’s Banja reservoir.

With an installed capacity of 0.5MWp, the first unit is to be followed by three more, adding a further 1.5MWp to the project’s overall capacity. These are to be installed on the reservoir – which is also home to Statkraft’s 72MW hydropower plant – in the latter half of 2021.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Each unit consists of a floating ring and a thin membrane, an element that, alongside the cooling of the panels from the water below and the large area, the company said makes the concept unique.

The first of these units is made up of 1,536 panels covering 4,000 square meters, with a further 160 panels having been placed on land for comparison and documentation of the cooling effect of the floating panels.

The floating solar was developed in collaboration with Norwegian supplier Ocean Sun, which developed the technology for the asset, with the duo also bringing local contractor Doko on board.

The partnership between the two Norwegian firms was first announced in March 2019, with the total cost of the asset expected to be €2.3 million (US$2.8 million).

Rigela Gegprifti, Statkraft’s country head in Albania, said: “After the start of commercial operations of our Banja and Moglice hydropower plants, we are looking into further optimising these renewable assets.

“The Banja Floating Solar Plant is a concrete example for further integration of different resources of renewable energy.”

The volume of hydropower in the country, which represents around 95% of the country’s installed power capacity, alongside Albania boasting some of Europe’s highest number of sunshine hours per year makes it an attractive market for the development of floating solar.

A separate 12.9MW floating solar project is also currently under development in the country, with a €9.1 million loan provided by the European Bank for Reconstruction and Development to a special-purpose vehicle established by state-owned utility Korporata Elektroenergjitike Shqiptare in April.

2 February 2027
London, UK
Returning in 2027 for its 14th edition, Solar & Storage Finance Europe will bring together the brightest minds representing funds, banks, developers, utilities, government and industry across Europe and the UK on a programme that is solutions-focused from top to tail. The event is designed to enable leaders at the forefront of solar and storage investment and deployment in Europe to scale, learn and land themselves industry defining partnerships.

Read Next

November 13, 2026
Energy infrastructure contractor DS1 has been tasked with constructing a 300MW PV power plant in Lithuania, billed as the Baltic country’s largest.
November 13, 2026
Rezolv Energy has announced its partners for the construction of Dama Solar, its 1.36GWp solar PV project in Arad County, western Romania.
November 12, 2026
Investing in a portfolio that includes solar PV projects and BESS is a key tool to reduce exposure to price risk, according to Pexapark.
November 12, 2026
SMA Solar has narrowed its full-year guidance for 2026 towards the upper half of its previously raised range after reporting improved financial results for the first nine months of 2026.
Premium
November 12, 2026
Module testing challenges, the role of BESS and the procurement landscape were key topics of conversation at PV ModuleTech Europe 2026.
Sponsored
November 12, 2026
If two modules carry a Class A designation, how much can we actually conclude about their fire performance?

Upcoming Events

Solar Media Events
November 24, 2026
Warsaw, Poland
Solar Media Events
February 2, 2027
London, UK
Solar Media Events
April 20, 2027
Istanbul, Türkiye