Statkraft To Provide Wind, Hydro Energy To German Railway Company

Statkraft will supply green electricity from hydropower directly to Deutsche Bahn from its two run-of-river power plants in Langwedel and Landesbergen in Lower Saxony, Germany from 2027 to the end of 2034. Over the 8-year contract term, the Norwegian energy company will supply a total of just over 350,000 MWh of green electricity as a structured baseload profile. The wind power in turn comes from a portfolio of wind farms for which Statkraft has concluded power purchase agreements. The new PPAs with Deutsche Bahn cover an expected generation of around 147,000 MWh for the years 2024 to 2026, said Statkraft in a media statement.

Patrick Koch, Head of Origination Germany at Statkraft, comments, “These agreements show our commitment to driving the energy transition and offering our customers flexible, customised energy solutions – be it with green electricity from various energy sources or contracts with individual structures and terms. We are proud to be working with Deutsche Bahn and look forward to expanding our successful business relationship.”

Statkraft has already concluded several PPAs with Deutsche Bahn in recent years. Since last year, Statkraft has been supplying a total of 1.9 terawatt hours of green electricity from hydropower for ten years as part of a cross-border PPA. In 2021, the company had supplied one year of onshore wind power from 70 wind turbines that had run out of subsidies to Deutsche Bahn.

The green power PPAs support Deutsche Bahn in becoming climate-neutral by 2040 and cutting CO2 emissions in half by 2030. Despite the turbulent market environment, Statkraft offers long-term price stability.

Avangrid, a sustainable energy company and member of the Iberdrola Group, and Statkraft, a Europe-based renewable energy firm, have announced the signing of a Virtual Power Purchase Agreement (VPPA), establishing a new relationship between the two companies in the United States.