Statkraft Albania and Norwegian renewable energy generator Ocean Sun are ready to start the construction of a 2 MWp floating solar pilot project in Albania. The pilot floating solar project will receive an estimated total investment of Euro 2 million. It will be installed on the Banja reservoir, where Statkraft is operating its 72 MW hydropower plant. In the first phase, Ocean Sun will deliver a 0.5 MWp DC floating solar plant, which is expected to be commissioned by the end of 2020. Post the successful implementation and performance of the first floating solar plant subject to the specified requirements, Statkraft will proceed with the second phase of the project. In the second phase of the project, three floating solar plants of 0.5 MWp each will be added by 2021. With this, the total floating solar capacity on the Banja reservoir will reach 2 MWp.