Ocean Sun

Regulatory Filings • Jun 24, 2021

Ocean Sun AS: Update regarding the incident with the floating solar power plant in Albania

Ocean Sun AS: Update regarding the incident with the floating solar power plant in Albania

Reference is made to Ocean Sun’s press release on June 9th, 2021, in which the company informed about an incident with the floating solar power unit at the Statkraft Banja hydro power reservoir in Albania. The floating ring with membrane and two connected barges were severely damaged and partly submerged on the evening June 9th.

In close collaboration with Statkraft, work is currently ongoing to take the damaged unit completely ashore. HSSE aspects are the top priority in all parts of this operation.

During, and in parallel with the work to secure the collapsed ring, the parties are working diligently to identify the root causes of the incident. This analysis will provide important input to the process of detailing a plan for the project’s next steps at the Banja site.

Finally, despite this incident, Ocean Sun remains fully committed to and confident in the core technology, which has been successfully proven in several pilots.

Ocean Sun will update the financial market as the process moves forward and further information becomes available.

For further details, please contact:

Børge Bjørneklett, CEO of Ocean Sun, +47 90195778