Devoll Hydropower Sha

Statkraft is a leading hydropower company internationally and the largest renewable energy producer in Europe. The group produces energy from water, wind, solar, gas and also supplies central heating. Statkraft is a global company in energy market operations. Statkraft has 5,700 employees in 21 countries. As part of the expansion in international markets, Statkraft has established its presence in Albania since 2007. Since then, Statkraft has investigated possible projects in Albania, which have culminated in the investment decision to build the Devolli Hydropower Project.

Statkraft's current main activity in Albania is the production of renewable electricity from the Banja and Moglica hydropower plants, part of the Devolli cascade, as well as their further optimization.

An important element of the operations in Albania is the trading of electricity produced by the Banja and Moglica hydropower plants, as well as the activity as an operator in the electricity market in Albania.

Operations in Albania are carried out through subsidiary companies Devoll Hydropower Sh.A. and Statkraft Renewables Albania Sh.p.k.

Statkraft is open and continues to investigate potential opportunities to expand its investments in Albania and South Eastern Europe.