Statkraft and CMC Team Up for Corporate PPA in Poland

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Statkraft and Commercial Metal Company Poland (CMC) have become strategic partners, commencing with the signing of a long-term financial power purchase agreement.

The agreement fixes the price for 20 percent of CMC Poland’s power consumption, starting in 2021. CMC Poland, a wholly owned subsidiary of the global steel market leader Commercial Metals Company, is one of the largest electricity consumers in Poland. Statkraft is wholly owned by the Norwegian state and Europe’s largest generator of renewable energy. CMC and Statkraft developed together a customized product suited for the needs of energy-intensive industry. The financially settled PPA will co-exist with the physical supply contract, while providing a fixed price to CMC. Statkraft is able to... ... More: Official Press Release Statkraft

Keywords:

PPA, Corporate PPA, Poland, CMC, Commercial Metals Company, power consumption, steel, energy-intensive, partnership