Countries
Power purchase agreements
Power Purchase Agreements (PPAs) are also known as power supply and power offtake agreements. Statkraft is a leading provider of PPAs throughout Europe and offers you various contract models.
A power purchase agreement (PPA) is a contract between an energy seller and a buyer.
Statkraft takes on time, volume, price and credit risks both for developers and consumers. We reduce complexity and risk and thus facilitate rapid and impactful actions in the market.
The actual structure of the contract depends on market regulations as well as the needs and risk appetite of all parties involved and is defined together with our teams.
A generic overview of different types of PPAs is provided below:
PPAs for power producers: plant operators, project developers and investors
PPAs suitable for all intermittent energy sources and flexible assets as well as projects that are bank or equity-financed to enable their development:
- different pricing models and durations of contract
- turnkey optimisation for flexible generation
- physical or financial
PPAs for electricity consumers: companies, municipal utilities and energy suppliers
PPAs as power supply contracts have become synonymous with green power supply for industrial customers, municipal utilities and redistributors. In addition to enabling the purchase of green power, they are also a key instrument in the expansion of renewable energies.
- different delivery models and contract durations
- tailored pricing schemes to accommodate the customer's supply and hedging strategies
- with or without guarantees of origin
- Statkraft can cover up to 100 per cent of the electricity consumption with renewable energy
Statkraft matches the needs of all parties
One of the challenges in the energy market is that owners of renewable plants and power consumers do not have the same needs. One wants uninterrupted supply, the other can only sell power when it is produced according to weather conditions.
To resolve this conflict, Statkraft meets the needs of both parties:
- Offering predictability and security of supply to consumers thanks to a large portfolio of power plants combining water, solar and wind to ensure a steady supply.
- Providing financial predictability and security for plant owners through the ability to generate stable, predictable revenues.
Since 1895
Statkraft offers sustainable green energy solutions globally based on our 125 years of expertise in developing, building and operating hydropower, solar and wind installations.
Leader in PPAs
In Europe, we are the no. 1 producer of renewable power and a leading provider of power purchase agreements. We are Norwegian state-owned and have an A- credit rating.
Our customers
-
Kemira
Statkraft and Kemira, provider of sustainable chemical solutions for water-intensive industries, have entered two long-term power purchase agreements. The latest PPA secures an annual delivery of almost 44 GWh renewable energy until 2031 to Kemira’s production facilities in Finland.
To the press release
-
Mercedes-Benz
Statkraft, together with Enovos, is integrating solar and wind power volumes on an industrial scale into the Mercedes-Benz green power concept. Through the "Pure Statkraft" concept, Statkraft supplies the automotive company with 100 % renewable energy at all times.
To the press release
-
gargantiopaZF Friedrichshafen
Statkraft supplies ZF with 250 gigawatt hours of wind power for its plants and office locations in Germany. The wind PPA supports the automotive supplier on its way to switching all locations to 100 percent green power by 2030.
To the press release
-
Nestlé
Statkraft supplies the food company Nestlé with around 109 GWh of wind power for four of its sites in Germany. The wind power PPA supports the food company in shifting all locations to 100 percent green electricity by 2025.
To the press release
-
Vodafone
Statkraft and Vodafone in Germany have signed an agreement enabling the telecommunications company to lower its CO2 emissions with German and Norwegian wind and hydropower in an order of 500,000 MWh. The two companies have been using exclusively renewable energy from Germany since 1 January 2021.
To the press release
-
Fortia
Fortia Energía, the power management platform for large industrial consumers, and Statkraft have signed a long-term power purchase agreement (PPA) comprised exclusively of wind energy to supply Spain’s large industry. The agreement runs through 2029.
To the press release
-
Neste
Statkraft and industrial company Neste have signed a 10-year power purchase agreement enabling the Finnish company to reduce greenhouse gas emissions with power from a Finnish wind farm under construction. The annual total volume of the wind PPA is approximately 215 GWh.
Customer Story
-
OPTERRA
Statkraft has signed two power purchase agreement (PPA) with OPTERRA, one of Germany's leading cement manufacturers, on the supply of renewable power from onshore wind and solar power. The PPAs enable OPTERRA to further transition its plant operations to a renewable energy supply.
To the press release
Related content
-
Shutterstock, 154296089, Iakov KalininGreen energy solutions
A steadily growing number of our customers are committed to becoming climate-neutral. We provide tailor-made strategies and solutions to achieve your goal.
Read more
-
Photo: StatkraftPower purchase agreements (PPAs) help to strengthen the development of renewable power.
Explained: Power purchase agreements (PPA)
A power purchase agreement is a contract between a producer (seller) and a consumer (buyer) of energy. In recent years it has developed into a win-win solution for maintaining and building renewable energy assets without subsidies.
Read more
-
A new level of credibility for PPAs
Imagine innovative and tailor-made solutions to support your company in delivering on your sustainability targets. In 2020, Daimler and Statkraft have inked a deal on an industrial scale including a highly credible and sustainability-driven concept for a 24/7 PPA called "Pure Statkraft PPA".
-
Ole Martin WoldOur offer for power generators
We buy and market your energy, mitigate your risks and ensure profitability for your assets and construction projects, in the short- and long-term.
Read more
-
Lucy CayleyHead of Markets in Ireland -
Bart BerendsenBusiness Developer -
Gennaro D'AnnucciHead of Origination France & Italy -
Einar HoffartVice President Nordic Origination -
Koen DejongheHead of Origination Services -
Andy CooperDown Stream Customers & BD Manager -
Tiago ThomazCountry Manager of Spain -
Patrick KochHead of Upstream Origination