Telenor signs wind PPA

Oslo-based telco Telenor, has announced that it has signed a Power Purchase Agreement (PPA) with Hydro Energi AS to procure wind energy to power its Norwegian operations. The 260MW Stor-Skälsjön wind power project will be used to power the company's Norwegian consumption and total more than 86% of the current power consumption in the country. Construction has already begun and commissioning is planned for autumn 2023.

Cecilie Heuch, executive vice president, Chief People and Sustainability Officer at Telenor Group, commented that this move is part of Telenor Group's "commitment to reduce our greenhouse gas emissions and meet our science-based targets," adding: "For Telenor to reduce our greenhouse gas emissions, sourcing renewable electricity is key, and Power Purchase Agreements are our preferred mechanism to do so, as they can contribute to new capacity of renewable energy."

Olivier Girardot, head of Hydro Rein, added: "We are looking forward to supply Telenor with renewable power as part of their sustainability agenda. When companies like Telenor are committing for the long term offtake of power from wind projects not yet in operation, they are contributing to new capacity of renewable power, as well as decarbonizing the Nordic power market."

"This is the first transaction showing Hydro Rein and Hydro Energy's ability to offer renewable power solutions to external customers. Hydro Rein aims at becoming the preferred supplier of renewable power for industrial clients, and Telenor is a great example of that," he said.