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
![](/images/white-fade.png)
Also in this section
26 July 2024
European offtakers and strategic investors start to unlock North African country’s vast potential as a green hydrogen and ammonia supplier
25 July 2024
Investment in 100MW green hydrogen facility in Germany comes as oil major’s wider transition strategy comes under scrutiny
24 July 2024
World’s largest green fertiliser supply agreement puts Villeta project in Paraguay on track for FID later this year
23 July 2024
Awards experience 20% increase in nominations this year, with submissions from 27 countries