Statkraft and Norske Skog Skogn have entered into a 3-year industrial power agreement for the supply of approximately 1 TWh (40 MW) during the period 2027–2029 to the company's paper mill in Skogn, Norway. Together with previous contracts, the agreement secures a significant portion of the mill's power supply at competitive terms through 2030.

"We are very pleased with this agreement, which will provide the Skogn mill with a stable and substantial power supply at predictable prices going forward. In Central-Norway, power prices are advantageous compared to Southern Norway. The agreement helps secure jobs and the competitiveness of Skogn while also being important for the forestry industry in the region," says Geir Drangsland, CEO of Norske Skog and Chairman of Norske Skog Skogn AS.

Statkraft is a leading company in hydropower internationally and Europe’s largest generator of renewable energy. 

Norske Skog Skogn is part of the Norske Skog group, one of the world's leading producers of newsprint and magazine paper. Norske Skog Skogn has a production capacity of 500,000 tons and 400 employees.