Axpo secures second Borealis PPA

Energy trader Axpo has signed an eight-year power purchase agreement (PPA) to supply chemicals group Borealis with electricity from a wind farm in Kröpuln, Finland.

The PPA is due to take effect in 2024, and follows a ten-year PPA announced between Axpo and Borealis in December 2022.

Tomas Sjöberg, managing director at Axpo Sverige, said: “By expanding our collaboration with Borealis for renewable power in the Nordic countries, we are glad to have found a forward-looking partner that we can support in reaching their sustainability goals."

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