Renewables asset manager Luxcara has entered into a power purchase agreement (PPA) for a “significant share” of the output of its 900MW wind portfolio in 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.
The PPA, which covers a “significant share” of the wind production of the portfolio, will help Boliden reach its goal to reduce carbon emissions.
Luxcara managing partner Alexandra von Bernstorff said: “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.”
Agder Energi CEO Steffen Syvertsen added: “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.”