Aker Horizons ASA, a Norwegian renewables and hydrogen company, has announced that Statnett has granted it 370 MW of grid capacity for two green ammonia projects in the northern part of Norway. The bigger portion, 250 MW, has been set aside for a joint venture between Aker Horizons and Statkraft that is being developed in Kvandal, outside of Narvik.
The Narvik Green Ammonia Project is intended to create up to 1,000 tonnes of green ammonia. It is anticipated that an ultimate decision regarding investments will be made in 2025, and commercial operations will start in 2028. A project in Berlevag has been assigned the remaining 120 MW of grid capacity, which will become available after the new 420 kV connection to Seidafjellet is completed.
In July 2023, Aker Horizons signed a 10-year power purchase agreement (PPA) with Statkraft, a European renewable energy supplier. This PPA ensured a large percentage of the renewable energy required for Aker Horizons’ green ammonia factory, which is now under construction in Narvik, northern Norway.