Statkraft, Europe’s largest producer of renewable energy, has joined Aker Horizons as a partner on the large-scale green hydrogen and ammonia project in Narvik, Norway.

Aker Horizons ASA (OSE: AKH), a developer of green energy and industry, has applied for and been allocated grid capacity of 250 MW for its large-scale green ammonia plant under development in Kvandal outside Narvik, and 120 MW for its facility in Berlevåg, both in Northern Norway.

Aker Horizons ASA (OSE: AKH), a developer of green energy and industry, has signed a 10-year power purchase agreement (PPA) with Statkraft, Europe’s largest generator of renewable energy, securing a significant amount of the renewable power required for its large-scale green ammonia plant under development in Narvik, northern Norway.

Aker Horizons ASA (OSE: “AKH”), a developer of green energy and industry, has signed a letter of intent (LOI) with the German gas group VNG to supply green ammonia from Narvik, Northern Norway.

Aker Horizons ASA (OSE: “AKH”), through its wholly owned subsidiary Aker Narvik AS (“Aker Narvik”), will collaborate with UiT The Arctic University of Norway’s (“UiT”) Faculty of Engineering Science and Technology (“IVT faculty”) in Narvik to develop the skills and competencies required for the green industrial jobs of the future.