On the 1st of April 2022, Banja Floating Solar Plant's first floater started
commercial operations. This project is based on Ocean Sun's innovative floating
solar technology. The first unit has an installed capacity of 500kWp. Statkraft
has as of July 5th, 2022, given the Notice to Proceed to move ahead with the
installation of the additional 3 rings, bringing the total installation to 2MWp.
The floaters will be located on the Banja reservoir in Albania, in addition to
Statkraft's 72-megawatt hydropower plant. The system will generate renewable
energy for the Albanian national electricity grid with almost 6400 solar panels.
"We are very pleased with the additional construction at the Statkraft's Banja
reservoir. It will be the first multi-ring Ocean Sun system and will position
Ocean Sun toward larger utility-scale projects. We appreciate that Statkraft is
paving the way for our innovative solution for floating solar and their trust in
our design and performance." says Børge Bjørneklett, CEO and founder of Ocean
Sun. 

About Ocean Sun: By combining Norwegian maritime expertise and knowledge within
photovoltaics, Ocean Sun has developed an innovation that offers a bold solution
to our global energy needs. The patented technology is based on solar modules
mounted on hydro-elastic membranes and provides cost and performance benefits
not seen in any other floating PV system today. With offices in Oslo, Singapore,
and Shanghai, Ocean Sun continues on its vision to be the world's leading
technology provider of floating solar. www.oceansun.no For further details,
please contact: Børge Bjørneklett, CEO of Ocean Sun tel: +47 90195778