Statkraft signs 10-year deal to supply wind power to Neste’s Porvoo refinery

In Norway, Statkraft, Europe’s largest producer and marketer of renewable energy, and Neste have signed a 10-year power purchase agreement enabling the Finnish company to reduce greenhouse gas emissions with power from a Finnish wind farm under construction.

Deliveries to Neste’s Porvoo refinery in Finland will start mid-2022 and the annual total volume of the wind power agreement is approximately 215 GWh, corresponding to some 18 percent of the electricity consumption at Neste’s refinery in Porvoo, Finland.

The delivery originates from the Mastokangas wind farm currently under construction in the Finnish municipalities Raahe and Siikajoki. For this wind farm Statkraft has signed a power purchase agreement with Aquila Capital, the owner of the project.

The agreement supports Neste’s target to reduce the carbon footprint of its production and reach carbon neutral production by 2035 as it will reduce indirect greenhouse gas emissions of electricity purchases at the refinery annually by approximately 53,000 tons CO2 equivalent.