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.
