Ocean Sun To Develop 2 MW Floating PV For Statkraft

Statkraft Albania Hires Ocean Sun To Develop 2 MW Floating Solar Power Plant At Banja Reservoir; Success Of Project May Encourage Further Deployment Of Technology In Other Statkraft Locations
01:08 AM (Beijing Time) - 19. March 2019
ocean sun floating solar

Once all regulatory approvals are in place, Statkraft can expect to have a floating solar power plant for its Albania hydropower plant location at Banja reservoir. Ocean Sun will develop the plant for €2.3 million ($2.61 million). (Photo Credit: Ocean Sun/Statkraft)

Key Takeaways

  • Ocean Sun of Norway has bagged its first major commercial project with Statkraft for its floating solar power technology
  • It will develop 4 floating solar power units of 500 kW each for Statkraft Albania at the Banja reservoir
  • Project construction is scheduled for 2019 and 2020 pending further official approvals
  • Depending on the project’s success, it may be replicated in other locations of Statkraft’s operations

Norway based energy company Statkraft has contracted Ocean Sun AS to deliver a 2 MW floating solar power plant at the Banja reservoir in Albania. Floating solar technology developer Ocean Sun, also from Norway, will develop the park with 4 floating units of 500 kW each. Banja Reservoir is where Statkraft operates its 73 MW Banja hydropower plant.

Construction of the plant will take place in 2019 and 2020. The entire exercise is expected to cost €2.3 million ($2.61 million), said Statkraft whose Albania business secured preliminary authorization from the government to implement such a plant with a feed-in-tariff (FIT). However, final regulatory approvals are yet to come by.

This contract is important for Ocean Sun, that’s backed by Innovation Norway and the Norwegian Research Council, as it is the first major commercial project for the start-up’s technology that will also test its viability.

“Testing new technology for floating solar power panels fits very well with Statkraft’s strategy to grow our renewable energy generation from hydro, wind and solar. If the technology is proven successful and the potential for cost-competitiveness can be achieved, a wider application of floating solar may take place in other Statkraft locations,” said Christian Rynning-Tønnesen, CEO of Statkraft.

The Norwegian utility plans to develop 2 GW solar and 6 GW onshore wind power capacity by 2025 (see Statkraft Aims For 2 GW Solar By 2025).

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani