Statkraft and Vattenfall sign major PPAs
Norwegian and Swedish utilities enter contracts for approximately 14 TWh in total ahead of 2016.
As of late, there has been a lot of focus on power purchase agreements (PPAs) in the Nordic countries – particularly in connection with installation of wind farms, wherein multiple-year contracts securing sales of generated power appear to a major trend looking forward. This becomes increasingly true in step with state subsidies propping up fewer and fewer investments. But the fact that more general deals between utilities and industrial customers are also taking place is evident in the case of the current agreement between Statkraft and Vattenfall.
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