News Release from Statkraft AS

Wind Industry Profile of

Statkraft AS

03/08/2022

Statkraft signs 10-year PPA with Spanish Tubos Reunidos Group

Statkraft, Europe's largest renewable energy generator, and Tubos Reunidos, a leader in the steel tubes production sector, have signed a long-term power purchase agreement (PPA) whereby Statkraft will supply renewable energy to cover parts of Tubos Reunidos Group´s energy consumption for 10 years.

The PPA, which entered into force in February, ensures Tubos Reunidos price stability for the next decade in a sector especially affected by the high energy costs of last year.

“The agreement signed with Tubos Reunidos is another step in the role of Statkraft as an engine in the decarbonisation of Spanish industry, especially for those large consumers who due to their high consumption need stability and predictability in prices”, says Simon Kornek, Vice President of Origination of Southern Europe at Statkraft.

"At the same time, we continue to deploy our vast renewables portfolio available in Spain which, including third-party capacity, already amounts to 1,200 megawatts of solar and wind projects," he added.

“Signing this agreement offers certainty and greater price stability in a strategic purchase such as electricity. It is consistent with the company's firm commitment to the energy transition, in which we aspire to be a main and outstanding player accompanying our customers on the journey from fossil fuels to clean energies,” Carlos López, Managing Director of Tubos Reunidos Group said.