New Floating Solar Panel Project in Albania

Statkraft will build a 2 MW floating solar power plant at the Banja reservoir, Albania, in partnership with Ocean Sun, illustrating the global rise of floating solar technologies. Other similar projects are being developed in China, India and South Korea.

Share:

solaire Albanie

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Floating solar panel projects are proliferating around the world. Technbusiness presented the project to develop this technology via a consortium including EDF, Equinor, Statkraft and EDP. Statkraft is particularly committed to floating solar panel technology. The Norwegian company will build a 2 MW network on the reservoir of its Banja hydroelectric power plant in Albania.

New Floating Solar Panel Project in Albania

The birth of the project

Norwegian company Statkraft plans to start construction of a floating solar power plant with a maximum capacity of 2 MW at the Banja reservoir in southeastern Albania by the end of June, reveals SeeNews.

“Now that all regulatory approvals are in place, we have issued a notice to proceed to Ocean Sun to implement the first phase of the project. We look forward to commencing construction by the end of June,” said Tom Kristian Larsen, Senior Advisor for Intellectual Property Strategy and Asset Management at Statkraft.

The construction process

The project, with a total investment cost of around 2 million euros, will comprise two construction phases.

In the first phase, scheduled for completion in the fourth quarter of 2020, Statkraft’s supplier, Norwegian floating solar technology developer Ocean Sun, will deliver a complete 0.5 MWp DC floating system to the reservoir.

The second phase will see Statkraft add three further 0.5 MWp floating units in 2021, bringing the total solar capacity of the Banja reservoir to 2 MWp.

Starkraft continues to expand in Albania

Statkraft, a leading international hydropower company and Europe’s largest producer of renewable energy, is present in Albania through its wholly-owned subsidiaries Devoll Hydropower and Statkraft Renewables Albania.

Stakeholders in the Banja Floating Solar Panel Project in Albania

Companies involved in the project

Ocean Sun is a Norwegian company developing a new technology for floating solar energy. This technology is an effective, inexpensive and sustainable solution. It is based on modified silicon solar modules deployed on flexible floats.

Statkraft is an energy company, 100% owned by the Norwegian state. Europe’s leading producer of renewable energies, Statkraft generates electricity from wind, natural gas, hydro and solar power.

Ocean Sun’s floating solar panel technology

Ocean Sun has developed a unique “trampoline” floating solar panel technology. Unlike other floating solar panel designs, which rely on interconnected individual floats, the Ocean Sun design allows a large number of panels to be attached to the membrane as a modular unit, which usually includes a rigid perimeter frame for anchoring.

This technology has been purchased by Statkraft’s Albanian unit for deployment at the Banja reservoir in Albania. The contract is the first major commercial sale of Ocean Sun’s floating solar technology, and the project will demonstrate the viability of the technology.

The Emergence of Floating Solar Energy Technologies in Albania

Floating solar panels: a technology for the future

The World Bank’s 2018 report on floating solar – which focuses on hydroelectric power plants, water reservoirs and onshore installations – concluded that the potential for this technology was 400GW, even under conservative assumptions. With coastal and offshore development, the market would be enormous.

Although floating solar power remains an emerging technology, land-based installations are seen as an increasingly attractive option for large-scale deployment of photovoltaic systems on reservoirs and alongside hydroelectric facilities, particularly where land is limited.

Floating solar panel technology fits Statkraft’s strategy

Testing a new technology for floating solar panels fits in perfectly with Statkraft’s strategy, explains GlobeNewswire. The aim is to develop the company’s renewable energy production from hydroelectricity, wind power and solar energy. If the technology is successful and the potential for cost-competitiveness can be achieved, wider application of floating solar power may also take place at other Statkraft sites.

“Ocean Sun is very pleased to begin construction of Statkraft. The project represents the first large-scale installation in southern Europe, and an important step in our quest for clean, affordable energy from floating solar power on a global scale,” says Børge Bjørneklett, CEO of Ocean Sun.

Current floating solar panel projects around the world

The largest project of this type is currently a 150 MW development in Anhui, China, but, as reported by Reload NewsIt will soon be eclipsed by massive developments elsewhere in the world, including a 1 GW plant in India and a sprawling 2.9 GW complex off the coast of South Korea.

Europe has made progress in recent months in developing the market for “high wave” floating photovoltaic systems, with several projects under development for offshore sites.

Buffalo Biodiesel secures $300mn from Verite Capital to expand its used grease collection and processing operations to 25 US states and build two renewable gas plants.
The carrier uses mass balance and Book & Claim allocation to test demand, structure certified revenues, and prepare domestic capacity targeted for 2026 amid already intensifying regional competition.
LanzaTech has signed revised agreements with LanzaJet’s shareholders, increasing its equity stake and extending its technology licensing rights through 2031.
Enilive aligns conversions in Italy, hubs in Asia and U.S. diversification, with rising HVO margins, integrated pretreatment and HVO/SAF offtakes tied to European requirements, supporting volumes, site utilization and operational guidance.
Buffalo Biodiesel CEO Sumit Majumdar expands his reach in private equity by joining Verite Capital Partners, a firm focused on backing growth companies and underserved markets.
During his visit to Tokyo, the SCZONE chairman presented industrial and logistics projects aimed at establishing the Suez Canal as a regional hub for alternative fuels and supply chains.
MPs rejected in the Finance Committee the removal of tax benefits on B100 and Superethanol-E85 proposed in the 2026 budget bill, deferring the measure to the plenary debate.
The two partners finalise agreements to industrialise an eMethanol production site in Umeå, with commissioning scheduled for 2028 and a target of capturing 150,000 tonnes of CO₂ annually.
Brazilian producer Sigma Lithium has been included in a thematic index by Morgan Stanley grouping US-listed companies considered essential to national security and strategic supply chains.
The rise of data centres, electrification, Asian industrialisation and military spending are reshaping global copper market dynamics, while insufficient mining investment could increase price volatility.
Energy logistics firm Exolum launches the UK’s first independent sustainable aviation fuel blending site, supporting a nationwide network expected to supply up to 65,000 flights per year.
French biofuel stakeholders denounce a tax hike on B100 and E85 announced in the 2026 draft budget, which they say threatens their income and the industrial balance of local areas.
Ahead of COP30, four major economies commit to regulating the increase in sustainable fuel production and consumption by 2035.
The 2026 draft budget proposes eliminating tax incentives for B100 and E85 fuels, prompting opposition from agricultural unions concerned about the economic impact on the biofuel sector.
Airlines for Europe warns of insufficient sustainable fuel production in Europe and requests a delay in regulatory obligations if the European Commission does not act swiftly.
Spanish producer Moeve becomes the first external SAF supplier to join Shell’s blockchain-based platform designed to expand low-emission jet fuel adoption.
LIFT Power has completed the first phase of baseline studies for the Yellowknife lithium project, a key step toward permitting and long-term mine planning.
Global demand for biofuels is driving a sharp increase in used oil imports to Europe and the United States, straining global feedstock supply chains, according to the International Energy Agency.
Singapore’s gasoil and kerosene inventories reached a three-month high after a sharp weekly drop in net exports, supported by a marked increase in imports from Northeast Asia.
Trader Alkagesta opens a new biofuels trading desk in Geneva, targeting European market growth and consolidating its investments in alternative fuels.

All the latest energy news, all the time

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.