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Statkraft to power Norwegian paper mills under new deals

The Roan wind park in Norway. Source: Twitter, @FosenVind

December 7 (Renewables Now) - Norwegian state-owned utility Statkraft AS has agreed to supply power to local paper mill operators Norske Skog Skogn AS and Norske Skog Saugbrugs AS through the end of 2026.

Statkraft has entered into long-term industrial power supply contracts under which it will deliver about 900 GWh to each of the two mills per year, or a total of 14 TWh in the period December 1, 2018 to December 31, 2026.

"The new contracts improve the competitiveness of our two major plants in Norway, and will at the same time be a contribution to ensuring important jobs in the processing of Norwegian raw materials. In a paper market with steadily falling demand, only mills with the lowest cost position and the most efficient operation will survive,” commented Niels Petter Wright, CEO of Norske Skog.

Statkraft is mainly focused on the production of hydropower but also has wind, solar and gas-fired power plants in its portfolio. The company also offers district heating.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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