On the 1st of April 2022, Banja Floating Solar Plant's first floater restarted
commercial operations after an incident last summer. This project is part of an
R&D investment by Statkraft, based on Ocean Sun's innovative floating solar
technology.

The floater is located on the Banja reservoir in Albania, in addition to
Statkraft's 72-megawatt hydropower plant and is now generating renewable energy
to the Albanian national electricity grid. The first unit covers nearly 4,000
square meters and has an installed capacity of 500 kWp, with almost 1600 solar
panels.

"We are very pleased with the construction of the Ocean Sun flagship floater at
the Statkraft's Banja reservoir. A similar system was damaged last year. The new
reinforced design is based on updated meteorological predictions. I wish to
thank all colleagues in Ocean Sun and the Statkraft teams both in Norway and
Albania for the excellent cooperation and unwavering determination. I also
extend my gratitude towards the contractor Doko. Lastly, I wish to thank DNV for
the instrumental role in the verification of the design. Many lessons were
learned in the aftermath of the incident and the new floater gives Ocean Sun
another opportunity to demonstrate the high performance and operability of the
Ocean Sun innovative membrane FPV technology. We also look forward to the second
stage of the project during which three additional floaters are planned to be
implemented," says Børge Bjørneklett, CEO and founder of Ocean Sun.

"DNV has verified the mooring design and the structural design of the main
floating structure for the solar plant at Banja Dam. Floating solar is expanding
rapidly and DNV is taking a leading role in verification of novel technologies,
such as the Ocean Sun solution", says Marte Aaberg Midtsund, Head of Department
- Project Engineering and Due Diligence, Renewables, Northern Europe.

About DNV: DNV is an independent assurance and risk management provider,
operating in more than 100 countries. Through its experience and expertise
DNV advances safety and sustainable performance, sets industry standards, and
inspires and invents solutions. For the energy sector, we provide assurance to
the entire energy value chain through our advisory, monitoring, verification,
and certification services. As the world's leading resource of independent
energy experts and technical advisors, we help industries and governments to
transition faster to a deeply decarbonized energy system. www.dnv.com

About Ocean Sun: By combining the 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 offers cost and performance
benefits not seen in any other floating PV system today. With offices in Oslo,
Singapore and Shanghai, Ocean Sun is embarking 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