Statkraft and Fortescue renegotiate power agreement for Holmaneset green hydrogen and green ammonia project in Norway

Core Points - Statkraft and Fortescue have amended and extended the conditional power agreement for the Holmaneset project, now covering a 10-year power supply and extending the agreement timeframe to 2029 [1][2] - The Holmaneset project is currently in the feasibility phase, with Fortescue progressing studies and approvals [1][3] - The power purchase agreement (PPA) is conditional upon financial close and the commencement of commercial operations [4] Company Insights - Statkraft is a leading international hydropower company and Europe's largest generator of renewable energy, with operations in hydropower, wind power, solar power, and gas-fired power [5] - Statkraft employs around 7,000 people across more than 20 countries, emphasizing its global presence in energy market operations [5]