Norwegian renewable energy generator Statkraft has agreed to deliver clean energy to Telenor’s Finnish subsidiary DNA under a ten-year power purchase agreement (PPA).
The PPA enables DNA to buy 85 gigawatt-hours of clean energy per year from the new Palokangas wind farm, owned by investment firm Exilion Tuuli.
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The project, which will come online in late 2024, will generate 80% of DNA’s power needs.
The Palokangas wind farm will be located in the Ostrobothnia region and equipped with 12 turbines.
Statkraft will provide financial security for the wind project’s owner and support a predictable clean energy supply for the telecom company.
Statkraft Nordic Origination vice-president Arne Wist stated: “With this agreement, we support DNA in securing their energy needs as well as achieving their climate targets based on renewable energy from a new wind farm under development in Finland.”
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By GlobalDataTelenor had previously made similar agreements for its operations in Norway and Denmark.
Telenor Infrastructure executive vice-president Jannicke Hilland stated: “Telenor wants to support the construction of new renewable power plants in the markets we operate, and this agreement provides a solid contribution to the decarbonisation of the electricity supply, as well as new capacity to hedge against volatile energy prices.
“Telenor Group’s scope 1 and 2 science-based climate target commits us to reduce global greenhouse gas emissions by 57% from 2019 to 2030.
“We also have a scope 3 enablement target where we recently made it mandatory for our suppliers to set their own science-based targets. Purchasing renewable energy is one the most significant measures we can take to reach our scope 1 and 2 targets.”
