Neste Strikes Solar PPA: 24GWh/yr for Porvoo Refinery

• Neste strikes a power purchase agreement with renewable energy company CPC Finland Oy to supply 24GWh of solar power to its Porvoo refinery. Get 75% of your electricity from renewable energy with Neste's long-term commitment.

Neste has struck a power purchase agreement (PPA) with renewable energy company CPC Finland Oy to supply power from its Finnish Lakari solar farm to Neste's Porvoo refinery. The agreement will help Neste to meet its renewable electricity requirements at the additional power needs at its Porvoo refinery. The PPA involves a long-term commitment to purchase renewable energy from CPC Finland Oy's Lakari solar farm in Rauma. The project is expected to supply around 24GWh per year, starting in spring 2024. The agreement will enable Neste to cover 75% of its Porvoo refinery's annual electricity needs with renewable energy.

What Benefits Will Neste Receive from the PPA with CPC Finland Oy?

• Neste will receive renewable energy from CPC Finland Oy’s Lakari solar farm in Rauma.
• The agreement will enable Neste to cover 75% of its Porvoo refinery's annual electricity needs with renewable energy.
• Neste will also benefit from the long-term commitment to purchase renewable energy from CPC Finland Oy.
• The project is expected to supply around 24GWh per year, starting in spring 2024.
• This PPA will help Neste meet its renewable electricity requirements and additional power needs at its Porvoo refinery.
• Neste may also benefit from potential cost savings by using renewable energy instead of traditional sources.