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.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Danish carbon storage can run at max from day one

TotalEnergies can't see the need to pilot carbon storage under the Harald field in the Danish North Sea. Rather, the supermajor wants to begin at full scale if the Bifrost project manifests. Although much now depends on two forthcoming events: presentation of political strategy and allocation of EUDP money.

Europe’s carbon price has almost tripled in 2021

European carbon futures rose above EUR 80 a tonne on Friday for the first time, testing the resolve of politicians who are promising to act aggressively on climate change while grappling with inflation that’s tearing into economies across the globe.

Further reading

Related articles

Latest News

See all jobs