Hydro Energi and Statkraft sign 10-year hydroelectric PPA for 326 MW in Norway

Type: Ppa · Technology: Hydro · Country: Norway · Capacity: 326 MW · Announced: 2026-05-29

Hydro Energi and Statkraft finalized a 10-year power purchase agreement (PPA) covering 326 MW of hydroelectric capacity across Norway's NO2 and NO3 tariff zones. The contract commits Statkraft to purchase 12.3 TWh of electricity over the decade, representing a material long-term supply arrangement for the Norwegian market. The deal underscores the strategic importance of hydroelectric power in Norway's renewable energy mix, particularly amid persistent dry weather conditions and unfavorable hydrological forecasts. Statkraft, a major Nordic renewable energy producer, gains additional generation capacity to meet corporate demand and grid stability requirements. The agreement follows Pexapark's observation of rising PPA prices in Nordic markets due to updated forward capture curves and energy futures trends.

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