FFI signs renewable PPA for 300MW Norway project
Statkraft will supply renewable power to planned Holmaneset green hydrogen and ammonia plant if FID is taken
Australia’s Fortescue Future Industries (FFI) has signed a conditional renewable power-purchase agreement (PPA) with Norway’s Statkraft for its planned 300MW Holmaneset green hydrogen and ammonia plant. Feasibility studies for the project are underway, with the PPA conditional on FFI taking positive FID. The Australian developer aims to begin construction by 2025, with hydrogen production starting in 2027. “FFI has chosen to partner with Statkraft to develop one of its first green ammonia projects, because they are Europe’s largest renewable power generator and will play a key role to enable ambitious goals to reduce European greenhouse emissions and assist FFI to become a leader in green hy
Also in this section
8 May 2024
Commission modelling of emission reduction pathway implies undershoot of current hydrogen production and imports targets, according to speakers at a recent Hydrogen Europe event
8 May 2024
Hydrogen cars may not have much credibility, but the same could have been said about EVs not too long ago
3 May 2024
Australia’s Fortescue and France’s EDF Renewables among the successful bidders as second-round auction draws green hydrogen projects worth about $11b
1 May 2024
High costs and uncertainty over offtake agreements are delaying project investment decisions, according to Aurora Energy Research