News | August 9, 2023

Statkraft And AstraZeneca Sign Agreement On Wind Power Delivery

(GLOBE NEWSWIRE) - Statkraft, Europe’s largest renewable energy producer, and the biopharmaceutical company AstraZeneca have entered into an agreement on wind power deliveries that will increase the supply of renewable electricity in Sweden. The agreement is based on the commissioning of new wind farms.

Under the agreement, AstraZeneca commits to purchasing 200 gigawatt-hours per year for ten years, equivalent to two terawatt-hours. This corresponds to approximately 80 percent of the company's total electricity needs at its research facility in Gothenburg and manufacturing facility in Södertälje.

AstraZeneca in Sweden has been using 100 percent certified renewable energy for several years. Through the agreement with Statkraft, the company will also be able to increase access to renewable energy in the community where it operates. The three wind farms are in Strömstad and Årjäng, which is in Sweden’s bidding area 3 (SE3), where AstraZeneca's research and manufacturing facilities are also situated. The wind farms are owned by Rabbalshede Kraft, who will also be responsible for their operation.

In its Swedish operations, AstraZeneca is also working to reduce its electricity consumption, for example, through the recycling of excess heat and optimization of humidity and temperature in its facilities.

“We want to contribute to the green transition in society. It is important for us to support initiatives that increase the availability of renewable energy. To successfully mitigate climate change, we must collaborate across different sectors and think beyond our own operations. Here we see an opportunity to contribute to the increase of renewable energy in society,” says Per Alfredsson, President AstraZeneca AB, Sweden.

Globally, AstraZeneca aims to halve its entire value chain footprint (Scope 3) by 2030, on the way to a 90 percent reduction by 2045 from a 2019 baseline. AstraZeneca was one of the first seven companies globally to have its net zero targets verified by the Science-Based Targets initiative (SBTi) Net Zero Corporate Standard.

“We are very pleased to support this ambitious initiative for a sustainable transition. This agreement confirms the role of Statkraft as a leading supplier of renewable energy to Nordic industries and our ambition to be a leading market integrator in the energy system”, says Hallvard Granheim, Executive Vice President Markets at Statkraft.

About Statkraft
Statkraft is a leading company in hydropower internationally and Europe’s largest generator of renewable energy. The Group produces hydropower, wind power, solar power, gas-fired power and supplies district heating. Statkraft is a global company in energy market operations. Statkraft has 5,300 employees in 21 countries.

About AstraZeneca
AstraZeneca is a global, science-led biopharmaceutical company that focuses on the discovery, development, and commercialisation of prescription medicines in Oncology, Rare Diseases, and BioPharmaceuticals, including Cardiovascular, Renal & Metabolism, and Respiratory & Immunology. Based in Cambridge, UK, AstraZeneca operates in over 100 countries and its innovative medicines are used by millions of patients worldwide.

Source: Statkraft AS