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