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

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

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.

29 April 2025
Dallas, Texas
Nestled in Dallas, Texas, Large Scale Solar USA Summit 4th Edition is the nexus for project developers, capital providers, utilities, asset managers, and policymakers. Dive deep into the solar industry's transformative growth, learn from the best, and discover strategies to boost utility-scale solar deployment nationwide.
21 May 2025
London, UK
The Renewables Procurement & Revenues Summit serves as the European platform for connecting renewable energy suppliers to the future of energy demand. This includes bringing together a community of European off-takers, renewable generators, utilities, asset owners, and financiers. The challenges ahead are complex, but through collaboration, innovation, and a shared vision, we can navigate uncertainties and forge a sustainable energy future. Let us harness our collective knowledge to advance the renewable energy agenda.
3 June 2025
Messe Stuttgart Stuttgart, Germany
Meet battery manufacturers, suppliers, engineers, thought leaders and decision-makers for a conference and battery tech expo focused on the latest developments in the advanced battery and automotive industries. Stay plugged in for all the latest information on The Battery Show Europe 2024 including: Keynote Speakers & Conference Overview Show Features Floor Plan & Exhibitor News Travel & Transport information
2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.
24 March 2026
Lisbon, Portugal
Returning for its 14th edition, Large Scale Solar Europe is the essential meeting point for solar leaders across Europe. The event brings together developers, IPPs, investors, and policymakers to address critical challenges and accelerate solar’s pivotal role in achieving Europe’s Net Zero by 2050 goals.

Read Next

Premium
April 17, 2025
As Europe readjusts to a new geopolitical uncertainty, PV Tech asks what impact the continent's solar industry might feel.
April 16, 2025
Ofgem will remove 'zombie projects' from the country's grid connection queue and streamline the connection process for new projects.
April 16, 2025
Europe completed power purchase agreements (PPAs) for 1.6GW of renewable energy capacity in March, according to Pexapark.
April 15, 2025
Renewable energy will need policy support to reach “economically optimal” levels for the global energy transition, according to BloomberNEF.
April 14, 2025
Masdar has signed two agreements with the Indonesian electricity firm PT PLN to expand floating solar capacity on the island of Java.
April 11, 2025
Artificial Intelligence will “transform” the energy sector over the next decade, according to a report from the International Energy Agency.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
April 23, 2025
Fortaleza, Brazil
Solar Media Events
April 29, 2025
Dallas, Texas
Media Partners, Solar Media Events
May 7, 2025
Munich, Germany
Solar Media Events
May 21, 2025
London, UK
Solar Media Events
June 17, 2025
Napa, USA