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.

3 November 2026
Málaga, Spain
Understanding technology and supplier selection for Europe’s utility-scale PV market in 2027. PV ModuleTech Europe 2026 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of PV module, inverter and battery supplier selection; product availability, technology offerings, supply chain traceability, quality assurance, factory auditing, system reliability, and supplier bankability.
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

September 8, 2026
Solar PV will play a major role in global demand for critical minerals in the coming decades, according to a report from the International Energy Agency Photovoltaics Power Systems Programme (IEA PVPS).
September 8, 2026
Solar installations grew slightly in Europe in the first half of 2026 compared to last year, according to new figures from SolarPower Europe.
September 8, 2026
Glint Solar has launched a ‘land screening’ program that allows users to assess land across several US states for solar project suitability.
September 8, 2026
Renewables investment platform Qualitas Energy has bought independent power producer (IPP) Cero Generation’s 5.8GW European solar PV and battery energy storage project portfolio.
September 8, 2026
Enerparc AG, one of Europe’s best-known solar project developers, has initiated insolvency proceedings in a Hamburg court.
September 7, 2026
Solar PV module prices broadly fell in Europe in August 2026, as demand dipped below its historic average, according to sun.store's monthly PV Index.

Upcoming Events

Solar Media Events
October 13, 2026
San Francisco Bay Area, USA
Solar Media Events
November 3, 2026
Málaga, Spain
Solar Media Events
November 24, 2026
Warsaw, Poland
Solar Media Events
February 2, 2027
London, UK