Statkraft and Fortescue Future Industries sign PPA for green hydrogen and ammonia

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Fortescue Future Industries (FFI) has secured renewable power for its proposed Holmaneset green energy project, entering into a long-term Power Purchase Agreement (PPA) with Statkraft.

The conditional agreement signed in Oslo today, will see Statkraft supply renewable power to support FFI’s operational plans for a 300 megawatt green hydrogen and green ammonia facility. FFI CEO Mark Hutchinson said, “There is an urgency to produce green hydrogen and green ammonia and support global decarbonisation as quickly as possible.” “FFI has chosen to partner with Statkraft to develop one of its first green ammonia projects, because they are Europe's largest renewable power generator and will play a key role to enable ambitious goals to... ... More: Official Press Release Statkraft

Keywords:

Statkraft, green, hydrogen, ammonia, Fortescue Future Industries, renewable power, PPA, Norway, Europe, generator, decarbonisation