Aker Horizons and Statkraft sign long-term power purchase agreement

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Aker Horizons ASA, a developer of green energy and industry, has signed a 10-year power purchase agreement (PPA) with Statkraft, Europe’s largest generator of renewable energy, securing a significant amount of the renewable power required for its large-scale green ammonia plant under development in Narvik, northern Norway.

The PPA with Statkraft covers the Narvik plant’s first 10 years of operations, from commencement in 2028. The facility, with a planned capacity of up to 600 MW, will be one of the first large-scale green ammonia production facilities in Europe, with an expected production of between 1,000 and 1,500 tonnes per day.      “Signing a long-term power contract with Statkraft is essential to establish a sound commercial... ... More: Official Press Release Statkraft

Keywords:

Statkraft, Aker Horizons, long term, power puchase agreement, industry, Narvik, green, ammonia, Europe, Norway