Statkraft and Suomen Voima have finalized a 15-year power purchase agreement (PPA), starting in January 2025. The deal involves an annual volume of approximately 100 GWh of electricity, sourced from Statkraft’s Bjurfors Nedre hydropower plant and Björkhöjden wind farm. Both facilities are located in Sweden’s SE2 bidding area, marking Suomen Voima’s first PPA in the country.
“We are pleased to have concluded this PPA hedging contract with Suomen Voima and are looking forward to 15 years of cooperation,” said Ketil Hovland, Senior Originator at Statkraft.
The agreement leverages two energy production methods, enhancing Suomen Voima’s energy portfolio. Bjurfors Nedre, operational since 1959, has a capacity of 78 MW and generates approximately 400 GWh annually. Half of this PPA’s volume, about 50 GWh per year, will come from this hydropower plant.
The remaining 50 GWh will be supplied by the Björkhöjden wind farm, which began operations in 2015. The wind farm features 90 Siemens turbines with a total installed capacity of 288 MW, producing roughly 700 GWh annually.
Pekka Saijonmaa, CEO of Suomen Voima, highlighted the significance of the agreement: “We’d like to thank Statkraft for the enjoyable and productive collaboration. As a result, we have enhanced our geographical diversification in the Nordics by securing our first deal in Sweden, which seamlessly integrates with our existing operations in the Finnish and Norwegian price zones.”
