Borealis signs PPA with Fortum for its European business units

Wind Industry Profile of

New PPA moves Borealis closer to goal of powering at least 50% of own European operations with renewable energy by 2030 / New wind farm project to significantly reduce Scope 2 emissions at Borealis operations in Finland ­Large-scale project consolidates Fortum’s position as leader in CO2-free power generation in Europe

Borealis, one of the world’s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals and fertilizers; and Fortum, an energy company and the third largest CO2-free power producer in Europe, have signed a long-term power purchase agreement (PPA) to source renewable energy from two onshore wind farms to be built in Finland. As of mid-2024, the new wind farms, majority-owned and operated by Fortum, will... ... More: Official Press Release Borealis

Keywords:

Borealis, Fortum, long term, power purchase agreement, PPA, FInland, Fortum, developer, Europe, renewable energy, wind, onshore