Fortum and Vargön Alloys sign a five-year power purchase agreement
FORTUM CORPORATION PRESS RELEASE 17 APRIL 2024 Fortum and Swedish ferroalloys producer Vargön Alloys AB have signed a five-year power purchase agreement (PPA) with progressive pricing for delivery of approximately 0.4 TWh of electricity and Guarantees of Origin for nuclear power per annum in Sweden. The contract term starts in December 2024 and runs until the end of 2029. The power is sourced from Fortum’s nuclear portfolio in the SE3 (Stockholm) price area in central Sweden. Long-term partnerships play a vital role in ensuring predictability in long-term energy procurement and