Schlagwort: long-term Power Purchase Agreement PPA

New ground-breaking PPA deals signed in Scandinavia

Norwegian aluminium company Norsk Hydro has signed a long-term Power Purchase Agreement (PPA) with the Green Investment Group. With a duration of 29 years, this is the world’s longest wind power purchase agreement.
The Green Investment Group (GIG) has put forward €270 million to develop the 235 MW project in the Swedish town of Överturingen. It will own 100% of the project equity. The wind farm will consist of 56 Siemens Gamesa turbines, each with a capacity of 4.2 MW