Statkraft and Fortescue renegotiate amendment
Published by Willow Munz,
Editorial Assistant
Global Hydrogen Review,
Statkraft and Fortescue have agreed to amend and extend the conditional power agreement currently in place for the Holmaneset project in Norway.
Currently in the feasibility phase of the green hydrogen and green ammonia project, Fortescue is continuing to progress studies and approvals.
The amendments extend the existing agreement timeframe to 2029, while also extending the agreements to cover a 10-year power supply.
“For Statkraft, it is a priority to offer stable and competitive power agreements that contribute to new, green industrial development and green transition. We are therefore pleased to have renegotiated the agreement with Fortescue and thus meet their updated needs at Holmaneset,” said Hallvard Granheim, Executive Vice President for Markets at Statkraft.
“Fortescue continues to progress approvals and studies towards the development of its Holmaneset Project. The renegotiated power agreement allows time for this process to continue,” added Gabriela Celin, Fortescue Project Director.
The PPA is conditional upon financial close and commencement of commercial operations.
Read the article online at: https://www.globalhydrogenreview.com/hydrogen/24122025/statkraft-and-fortescue-renegotiate-amendment/