Salmon Evolution ASA ("Salmon Evolution" or the "Company", OSE: SALME) is
pleased to announce that it has entered into a 100% green physical power supply
agreement with Statkraft, Europe's largest generator of renewable energy.
Statkraft is fully owned by the Norwegian state and is Norway's largest supplier
of electricity to the power intensive industry.
Through the agreement with Statkraft, Salmon Evolution will be guaranteed 100%
renewable energy for its land-based salmon farming facility at Indre Harøy where
farming operations are expected to commence during March 2022. The electricity
will be sourced from Statkraft's hydropower plant at Grytten in Rauma
Municipality, only ~60 km from Indre Harøy.
As part of the agreement, Salmon Evolution has secured a fixed electricity price
covering the vast majority of the Company's electricity needs for 2022 and 2023
at highly attractive commercial terms, confirming original budget assumptions.
Mr. Trond Håkon Schaug-Pettersen, CFO of Salmon Evolution comments:
"The execution of a green power purchase agreement directly with Statkraft's
Nordic Origination team is yet another strong testament to Salmon Evolution's
credibility in the market. Furthermore, this agreement is a great example of
delivering on our vision, Extending the Ocean Potential, where we continuously
push for an acceleration of new circular blue economies. Also, as our company
now approach commercial operations, our customers can be 100% certain that our
salmon is produced with the lowest possible environmental footprint, setting a
new benchmark for sustainably produced salmon."
For further information, contact:
Håkon A. Berg
CEO, Salmon Evolution
+47 411 92 257
Trond Håkon Schaug-Pettersen
CFO, Salmon Evolution
+47 911 91 327
About Salmon Evolution
Salmon Evolution is a Norwegian land-based salmon farming company focused on
extending the ocean's potential by transferring the best preconditions offered
by the sea to farm fish on land through its hybrid flow-through system
technology (HFS). This secures a truly sustainable production process with
controlled and optimal growth conditions and limiting operational and biological
risk.
The Company's first production facility is under construction at Indre Harøy,
strategically located on the Norwegian west coast with unlimited access to fresh
seawater, renewable energy, established infrastructure for salmon farming, and
an educated and experienced work force. The entire project is designed for an
annual capacity of approx. 31,500 tonnes HOG.
The Company has also entered into a joint venture with Dongwon Industries where
the parties will develop, construct and operate a land-based salmon farming
facility in South Korea with an annual production capacity of 16,800 tonnes HOG,
using Salmon Evolution's HFS technology.
Salmon Evolution ASA is listed on Oslo Børs under the ticker SALME.
To learn more, please visit www.salmonevolution.no www.salmonevolution.no
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 4600 employees in 18
countries.
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