Luxcara, an independent renewable energy asset manager, and the Norwegian energy company Agder Energi, have entered into a physical long-term power purchase agreement (PPA) for part of the output of a wind power portfolio across Sweden and Finland.
Luxcara is collaborating with Agder Energi to combine wind and hydro power and provide fossil free energy to power Boliden AB’s mining and smelting operations in Sweden and Finland. Boliden has an ambitious strategy for electrification and the phase-out from the use of fossil fuels in its industrial production and transport.
The wind projects in Sweden and Finland have a projected total capacity of more than 900 MW. The PPA covers a significant share of the wind production of the portfolio, which helps Boliden reach its goal to reduce carbon dioxide intensity by 40 percent by 2030.
“This unique multi-country and technology deal demonstrates again Luxcara’s ability to develop innovative PPA structures thanks to our sector-leading experience and track record. We are delighted to have found a strong partner in Agder Energi to supply a regional industry leader with sustainable power”,comments Dr. Alexandra von Bernstorff, Managing Partner of Luxcara.
Steffen Syvertsen, CEO of Agder Energi adds: “I am very proud that we have managed to conclude this landmark PPA-agreement. With this agreement we contribute to the development of more renewable production in the Nordic market, and at the same time we facilitate lower emissions through electrification of the industry. We are very pleased to be chosen as the main counterparty for PPA and imbalance management with such a professional asset manager as Luxcara, and look forward to this long-term cooperation.”
“Thanks to this agreement we ensure competitive power supply to many of Boliden’s production units. This is especially important, as our operations will be increasingly electrified and fossil free in the coming years”, says Mats Gustavsson, Energy Director, Boliden.
