Statkraft and Deutsche Bahn strengthen their green energy partnership

Statkraft, Europe's largest producer of renewable energy, extends its collaboration with Deutsche Bahn by securing more green energy through new PPAs.

Share:

Statkraft Deutsche Bahn PPA

The Statkraft Group has finalized additional power purchase agreements with Deutsche Bahn for the supply of green electricity from hydroelectric plants and onshore wind farms. From 2027 to the end of 2034, Statkraft will supply Deutsche Bahn directly with green electricity from its two run-of-river hydroelectric power stations at Langwedel and Landesbergen in Lower Saxony, Germany.

Implications of the new PPAs for renewable energies

Over the eight-year term of the contract, the Norwegian energy company will supply a total of over 350,000 MWh of green electricity in the form of a structured baseload profile. Wind power comes from a portfolio of wind farms for which Statkraft has signed power purchase agreements. The new PPAs with Deutsche Bahn cover a planned output of around 147,000 MWh for the years 2024 to 2026, and guarantee the economic operation of wind turbines at an early stage.

Statkraft’s commitment to the energy transition

Patrick Koch, Head of Origination for Germany at Statkraft, comments: “These agreements demonstrate our commitment to supporting the energy transition and offering our customers flexible, customized energy solutions, whether with green electricity from different energy sources or contracts with individual structures and durations. We are proud to be working with Deutsche Bahn and look forward to expanding our successful business relationship.”

The new power purchase agreements between Statkraft and Deutsche Bahn not only strengthen renewable energy production, but also support Deutsche Bahn’s climate-neutral targets up to 2040.

The European Commission opens an in-depth investigation into Adnoc’s purchase of German chemical group Covestro, questioning the potential impact of foreign subsidies and competition within the European internal market.
Stonepeak announces the creation of JouleTerra, a platform dedicated to the aggregation and management of grid-connected land, aimed at supporting the deployment of renewable energy infrastructure throughout the European continent.
Baker Hughes is set to acquire Chart Industries for $13.6bn, surpassing Flowserve’s offer and ending the previously announced merger between Chart and Flowserve, according to sources close to the matter.
Spanish energy group Endesa reports strong first-half profit growth but warns of insufficient incentives in the new grid remuneration framework proposed by the CNMC.
The French group posted higher sales and profitability while setting a new record for its investment backlog, driven by the electronics and energy transition sectors.
Bureau Veritas completes acquisitions in cybersecurity in Denmark, nuclear in Germany, and transition services in South Korea, further strengthening its coverage of strategic high-growth markets.
Macquarie finalises the acquisition of Erova Energy, further strengthening its capabilities in the management and optimisation of renewable assets in the United Kingdom and Ireland amid rapid sector growth.
An agreement between Iberdrola and Echelon provides for the creation of a joint venture dedicated to the development of data centres in Spain, including an initial 144 MW site in Madrid, strengthening integration between energy and digital infrastructure.
TenneT strengthened its investments in electricity infrastructure in the Netherlands and Germany, reaching EUR 5.5 bn over six months, while a decision on the financing structure of its German subsidiary is expected in September 2025.
Eni is considering increasing its share buyback programme after financial results exceeded expectations, with reduced debt and revised annual targets in the gas segment.
Despite a sharp decline in sales and prices, Vallourec improved its profitability and issued an upward forecast for its gross operating income in the second half of 2025.
Eni announces a sharp decline in quarterly net profit, the result of lower oil prices and a weaker dollar, while maintaining a strengthened dividend policy and a development trajectory in renewables.
EDF is reassessing its industrial priorities and streamlining investments, as net profit falls to €5.47bn ($5.94bn) in the first half of 2025 due to a weakening electricity market.
Energy group Edison posts increased sales and investments despite a less favourable market environment, advancing its renewables development and strengthening its positions in Italy.
SEGULA Technologies opens an office in Cape Town, strengthening its presence in the African market and targeting expansion in energy, rail, and automotive sectors, in partnership with South African industrial firm AllWeld.
GE Vernova's revenue rose by 11% in the second quarter, driven by momentum in its Power activities, as the US group raised its financial targets for 2025.
The Allrig group is expanding its operations in Saudi Arabia, supported by AstroLabs, to boost energy efficiency and address the growing needs of the local oil sector.
Saipem and Subsea7 formalise their merger agreement, resulting in the creation of Saipem7, an international energy services player with consolidated revenue of €21bn and an order backlog of €43bn.
TotalEnergies reports a significant decrease in net profit and revenue for the second quarter, while relying on growth in its hydrocarbon and electricity production to sustain profitability and global ambitions.
Exus Renewables North America finalizes $308.2 million financing for two major solar portfolios in New Mexico and wind projects in Pennsylvania, showcasing the expansion of large-scale renewable assets across multiple U.S. markets.