Aker Horizons signs long-term power purchase agreement with Statkraft for Narvik green ammonia project
Aker Horizons ASA (OSE: AKH), a developer of green energy and industry, has signed a 10-year power purchase agreement (PPA) with Statkraft, Europe’s largest generator of renewable energy, securing a significant amount of the renewable power required for its large-scale green ammonia plant under development in Narvik, northern Norway.The PPA with Statkraft covers the Narvik plant’s first 10 years of operations, from commencement in 2028. The facility, with a planned capacity of up to 600 MW, will be one of the first large-scale green ammonia production facilities in Europe, with an expected