Oslo-based Statkraft, Europe’s largest producer of renewable energy, and Aker Horizons, a green energy developer based in Fornebu, Norway, on Oct. 16 announced plans to partner on a large-scale green hydrogen and ammonia project in Narvik, Norway.
The plant under development at Kvandal
in Narvik has a planned capacity of up to 600 MW and will be one of the first
large-scale plants for green ammonia in Europe, with an expected production of
1,000-1,500 mt/d. The project hopes to reach final investment decision in 2025
and plans to start commercial operations in 2028.
The parties aim to establish a jointly owned company, Narvik Green Ammonia DA.
Aker Horizons has so far signed letters of intent with several major European
energy, industrial, and chemical companies. The project has entered into a
long-term power agreement with Statkraft and will also look for opportunities
for collaboration with possible offtakers in Norway, including the maritime
industry.
The site at Kvandal is being prepared and developed with a clear plan to facilitate the establishment of additional green industry. The parties noted that the Norwegian and German governments have established a joint task force to work on enabling the large-scale supply of hydrogen from Norway to Germany by 2030.
“The partnership established between Statkraft and Aker Horizons constitutes an important step forward in positioning Narvik Green Ammonia to contribute to this supply,” said Sverre Isak Bjørn, Asset Development Director, Aker Horizons.