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Statkraft and Vattenfall sign major PPAs

Norwegian and Swedish utilities enter contracts for approximately 14 TWh in total ahead of 2016.

Vattenfall has rebounded and entered a PPA with one of Statkraft's long-term customers. | Photo: Vattenfall

As of late, there has been a lot of focus on power purchase agreements (PPAs) in the Nordic countries – particularly in connection with installation of wind farms, wherein multiple-year contracts securing sales of generated power appear to a major trend looking forward. This becomes increasingly true in step with state subsidies propping up fewer and fewer investments. But the fact that more general deals between utilities and industrial customers are also taking place is evident in the case of the current agreement between Statkraft and Vattenfall.

Statkraft has thus entered a new agreement with Norwegian pulp and paper producer Norske Skog. The Norwegian energy company will supply both Norske Skog Skogn, which makes newsprint paper, and with Norske Skog Saugbrugs, which produces paper for magazines. The deal entered force on Dec. 1 and runs until the end of 2026, amounting to a total of 14 TWh.

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