Statkraft in Albania

Banja HPP

Statkraft is a leading company in hydropower internationally and Europe’s largest generator of renewable energy. The Group produces hydropower, wind power, solar power, gas-fired power and supplies district heating. Statkraft is a global company in energy market operations. Statkraft has 4,000 employees in 17 countries.

In the frame of the expansion in international markets, Statkraft established its presence in Albania since 2007. Since this time, Statkraft has investigated potential projects in Albania, which culminated with the investment decision to implement the Devoll Hydropower Project.

The current main activity of Statkraft in Albania is the completion of construction and electricity generation through the Devoll Hydropower Project. An important component of the operations in Albania is the trading of the electricity generated through the Devoll Hydropower Project and also acting as a market operator for energy trading in Albania.

Operations in Albania are implemented through the subsidiary company Devoll Hydropower Sh.A. and Statkraft Renewables Albania Sh.p.k.

Statkraft is open and is continuing to investigate for potential opportunities to expand its investments in Albania and in the South East Europe.