Telenor have signed a 10-year Power Purchase Agreement (PPA) with Statkraft. The agreement ensures that around 80% of the purchased power for Telenor’s Finnish subsidiary DNA, comes from a new wind farm to be built in Finland.
The Palokangas wind farm is owned by Exilion Tuuli and starts its operations late 2024. Exilion Tuuli is an investment company owned by Finnish institutions. Statkraft’s role is to match the needs of both DNA and Exilion, providing financial security for the wind farm owner, while enabling a predictable renewable energy supply for the telecommunications company. A total volume of 85 GWh will be supplied to DNA annually through this agreement. The Palokangas wind park will consist of 12 turbines and be built in the Ostrobothnia region.
