Landsvirkjun to sell renewable energy to PCC BakkiSilicon for a silicon metal plant in Iceland

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Landsvirkjun to sell renewable energy to PCC BakkiSilicon for a silicon metal plant in Iceland

Greentech Lead Europe: Landsvirkjun, a state owned
renewable energy producer in Iceland, has signed a power purchase agreement
(PPA) with PCC BakkiSilicon, an Icelandic subsidiary of the Germany-based
industry holding PCC SE. Landsvirkjun will provide clean, renewable energy to
power a metallurgical grade silicon metal production plant being built by PCC
in Bakki near Husavik on Iceland’s north coast.

By signing this long-term PPA of
15 years, Landsvirkjun continues to reaffirm the competitive business
environment in Iceland.

“We are very pleased to diversify our customer base
by welcoming PCC and this new industry into our growing portfolio. We are
optimistic that silicon metal production has good long-term prospects in
Iceland where power is generated from 100 percent green renewable energy
sources at the most competitive terms available in Europe,” said Hordur
Arnarson, CEO of Landsvirkjun.

Landsvirkjun will supply 52 MW of power, which will be
derived from renewable sources such as geothermal and hydro. The 32,000 ton
facility is scheduled to come online in late 2015.

“During the past 18 months, PCC has experienced an
outstandingly professional and trustful cooperation with Landsvirkjun, and
having signed the power contract today constitutes an important milestone to
our silicon metal project,” said Waldemar Preussner, sole owner of PCC SE.

Landsvirkjun signs power purchase agreement with GMR

Landsvirkjun recently signed a power purchase agreement
(PPA) with Geothermal Metal Recycling (GMR). Under this new contract, GMR will
purchase up to 10 MW of clean, renewable energy for a seven year period from
Landsvirkjun.

[email protected]

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