Statkraft and Telenor sign 10-year Power Purchase Agreement

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Telenor have signed a 10-year Power Purchase Agreement (PPA) with Statkraft. The agreement ensures that around 80% of the purchased power for Telenor’s Finnish subsidiary DNA, comes from a new wind farm to be built in Finland.

The Palokangas wind farm is owned by Exilion Tuuli and starts its operations late 2024. Exilion Tuuli is an investment company owned by Finnish institutions. Statkraft’s role is to match the needs of both DNA and Exilion, providing financial security for the wind farm owner, while enabling a predictable renewable energy supply for the telecommunications company. “Telenor wants to support the construction of new renewable power plants in the markets we operate, and this agreement provides a solid contribution to the... ... More: Official Press Release Statkraft

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Statkraft, Telenor, agreement, renewable energy, Finland, DNA, wind farm, electricity supply, operations, turbine