Statkraft and Borregaard sign 10‑year PPA for 445 GWh (2026–2036)
Key highlights
- Contract runs from 1 November 2026 through 2036.
- Total contracted volume is 445 GWh.
- Volume covers around 5% of Borregaard’s electricity consumption.
- Adds to a long-term PPA from 2019; Statkraft has signed seven industrial PPAs this year totalling close to 28 TWh until 2040.
Deal terms
Power deliveries commence 1 November 2026 and continue through 2036. The total contracted volume is 445 GWh, covering around 5 per cent of Borregaard’s electricity consumption.
Strategic rationale
Borregaard says the agreement will form part of its long-term power supply and support its strategy for electrification and reducing greenhouse gas emissions.
Relationship and market context
The new agreement adds to the long-term power purchase agreement the parties entered into in 2019. So far this year Statkraft has entered into seven long-term industrial power agreements in Norway, with a total contracted volume close to 28 TWh until 2040.
Source: Statkraft