Statkraft and Fortescue extend PPA for Holmaneset green hydrogen and green ammonia project

In Norway, Statkraft and Fortescue have agreed to amend and extend the conditional power agreement currently in place for the Holmaneset project. Currently in the feasibility phase of the green hydrogen and green ammonia project, Fortescue is continuing to progress studies and approvals. The amendments extend the existing agreement timeframe to 2029, while also extending the agreements to cover a 10-year power supply. The PPA is conditional upon financial close and commencement of commercial operations.