Statkraft signs 3-year power contract with Norske Skog Skogn

18 Dec 2024 18:00 CET

Statkraft and Norske Skog Skogn have entered into a 3-year industrial power
agreement for the supply of approximately 1 TWh (40 MW) during the period
2027–2029 to the company's paper mill in Skogn (Norway). Together with previous
contracts, the agreement secures a significant portion of the mill's power
supply at competitive terms through 2030.

"We are very pleased with this agreement, which will provide the Skogn mill with
a stable and substantial power supply at predictable prices going forward. In
Central-Norway, power prices are advantageous compared to Southern Norway. The
agreement helps secure jobs and the competitiveness of Skogn while also being
important for the forestry industry in the region," says Geir Drangsland, CEO of
Norske Skog and Chairman of Norske Skog Skogn AS.

"We are delighted to continue our long-term collaboration with Norske Skog to
supply power on competitive terms. The contract confirms that Statkraft remains
a preferred power supplier to Norwegian industry," says Hallvard Granheim,
Executive Vice President for Markets at Statkraft.


About Norske Skog
Norske Skog is a leading producer of publication paper with strong market
positions and customer relations in Europe and Australasia. The Norske Skog
Group operates four mills in Europe, which produce publication paper, recycled
packaging paper, energy and bioproducts. In addition, the Group operates one
paper mill in Australia. The annual publication paper production capacity is 1.6
million tonnes. The annual production capacity of packaging paper will be 0.8
million tonnes following the start-up of containerboard production at Golbey in
the first quarter of 2025. Norske Skog aims to further diversify its operations
and continue its transformation into a growing and high-margin business through
a range of promising energy and bio product development projects. The Group has
approximately 2 100 employees, is headquartered in Norway and listed on the Oslo
Stock Exchange under the ticker NSKOG.


About Norske Skog Skogn
Norske Skog Skogn is part of the Norske Skog group, one of the world's leading
producers of newsprint and magazine paper. The Skogn mill plays a central role
in the group's transition to sustainable products and solutions for future
needs. Norske Skog Skogn has a production capacity of 500,000 tons and 400
employees.


About Statkraft
Statkraft is a leading company in hydropower internationally and Europe’s
largest generator of renewable energy. The Group produces hydropower, wind
power, solar power, gas-fired power and supplies district heating. Statkraft is
a global company in energy market operations. Statkraft has around 7,000
employees in more than 20 countries.
 

For further information:
Norske Skog media:
Vice President Corporate Communication and Public Affairs
Carsten Dybevig
carsten.dybevig@norskeskog.com
Mob: +47 917 63 117

Norske Skog Investor Relations:
Vice President Corporate Finance
Even Lund
even.lund@norskeskog.com
Mob: +47 906 12 919

Statkraft AS:
Spokesperson
Lars Magnus Günther
lars.gunther@statkraft.com
Mob: +47 912 41 636

More information:
Access the news on Oslo Bors NewsWeb site

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