Statkraft has joined hands with Umicore for output from a 97MW wind farm in Finland.
For this, the company has already signed a power purchase agreement for 10 years starting in 2024.
Umicore is a metal recycler. It has been reported that the agreement will cover part of the needs of Umicore’s site in Kokkola.
According to the company, Statkraft will provide Umicore with 60 gigawatt hours of renewable a year until 2033. It further stated that the un-subsidised wind farm will have 17 wind turbines with a total installed capacity of 96.9MW.
The project is likely to be commissioned in 2023.
Mathias Miedreich, CEO of Umicore, commented, “Clean energy agreements like the one we signed with Statkraft, allow Europe’s largest cobalt refinery and state-of-the-art cathode precursor facility to produce sustainably.
He further stated that it reduces Umicore’s scope 2 emissions as electricity is the main source of energy throughout the battery materials value chain. And this significantly contribute to securing the energy supplies at a cost competitive level.
Statkraft informed that it offers PPAs to industrial and commercial companies along with project developers and investors in Finland.
Meanwhile, Umicore aims to reach net-zero greenhouse gas emissions by 2035. The company aims to reduce greenhouse gas emissions by 20% in 2025.
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