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Falck signs PPA for 50-MW wind farm in Norway

Wind turbines at work. Author: Nick Cross. License: Creative Commons, Attribution-NoDerivs 2.0 Generic.

January 31 (Renewables Now) - Italian company Falck Renewables SpA (BIT:FKR) said on Thursday it has signed a power purchase agreement (PPA) for the sale of 70% of the electricity generated by a 50-MW wind park in Norway.

The buyer, an unnamed "major European commodity player", will purchase the output of the Hennoy wind farm, located in Bremanger municipality, in the west coast of the country.

This 10-year agreement, signed by Falck's subsidiary Falck Renewables Vind AS, is a key milestone for the company's industrial strategy in the Nordic market, CEO Toni Volpe said.

Operational since last December, Hennoy is expected to generate approximately 170 GWh of clean power per year, enough to meet the consumption of between 8,700 and 10,900 homes.

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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