Statkraft and Umicore sign long-term PPA for onshore wind power

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Statkraft and Umicore have signed a long-term power purchase agreement (PPA) sourcing renewable power from onshore wind turbines in Finland. This agreement will cover part of the needs of Umicore’s site in Kokkola, where the Group produces precursor cathode active materials and refines cobalt used in rechargeable batteries for electric cars.

Statkraft will provide Umicore with approx. 60 GWh renewable power per year until 2033, certified with guarantees of origin from the Nuolivaara wind farm, in northern Finland. The non-subsidised wind farm will consist of 17 wind turbines with a total installed capacity of 96.9 MW and is expected to be commissioned in 2023. The contract runs for a period of 10 years starting in 2024. “The accelerated energy transition towards... ... More: Official Press Release Statkraft

Keywords:

Statkraft, Umicore, Finland, Kokkola, PPA, long term, renewable power, omshore, wind farm, turbine, cobalt, battery, EV