Statkraft signs PPA with Fortescue Future Industries for green hydrogen/ammonia project

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

The conditional agreement will see Statkraft supply FFI with renewable energy from the Norwegian grid to support potential plans for a 300 megawatt green hydrogen and green ammonia facility. The project also allows for further capacity to support plans for future scale-up of the site. FFI Norway Country Manager Thor Magnus Rovik said, “Green energy projects have the potential to create a new industry and jobs in the Hemnes region and FFI is looking forward to working with the local community and industry to make that happen.” “As Europe’s largest renewable... ... More: Official Press Release Statkraft

Keywords:

Statkraft, Fortescue Future Industries, renewable power, hydrogen, ammonia, green, PPA, Norway, capacity, scale up, FFI